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New Zealand Dollar Technical Analysis: AUD/NZD, EUR/NZD, GBP/NZD
AUD/NZD bias remains skewed to the downside as bears continue to drive price action lower. Chop during the early months of 2021 saw the formation of a head and shoulders pattern, and the break lower from the right shoulder shows no signs of stopping. Relative strength for the pair has not popped above 50 since late June, as price continues to drive lower. The pair blew right through the December 2020 low at 1.04184, and retests of that low have since failed. With relative strength nearly non-existent and the cross below key moving averages, traders may look to see continuation to the current move. Traders may eye the ... (full story)