Monday, January 27, 2020
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Technical Analysis – NZD/USD prints bullish inverse head and shoulder pattern

NZD/USD runs significantly above the neckline of the bullish inverse head and shoulder formation it has created around the 10 ½-year low of 0.6202 on Monday. The short-term bias is now looking cautiously bullish as the price is currently fluctuating around the upper Bollinger band and the RSI is looking ready to pierce above its 70

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