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NZDJPY cautiously positive in short-term; golden cross registered
NZDJPY restored positive momentum after diving as low as 71.22 last week and is now approaching the 73.51 top registered in late-December. The upward-sloping RSI is endorsing the positive move, but some caution could be justified as the Stochastics have already posted a bearish cross above the 20 oversold level, while the MACD, although somewhat improving, has yet to reach its red signal line. Therefore, questions are rising whether the price can overcome its previous peak of 73.51. If it successfully closes above it, strengthening the upward pattern off the 6-year low of 66.29, the door would open for the 0.7400 ... (full story)