It bounced trading the New Zealand dollar against the US dollar down significantly after touching our main first 0.7323, approaching the price of support for the main ascending channel again, in conjunction with the arrival of Stochastic oversold areas, along with continuous positive support provided by the SMA 50.
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Thus, these factors encourage us to keep our outlook to the upside trend that requires continuing consolidation above 0.7180, awaiting skip 0.7323 barrier to push the pair to the next target, which resides at 0.7525.
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