Don’t waste your time – keep track of how NFP affects the US dollar!
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The US dollar has exerted much pressure on the NZD lately and made the pair dive to the support of 200-MA above 0.72. However, the pair bounced and currently trades below 0.73 between 100-MA and 50-MA. The positioning of the MAs is a very convenient example of how you can use them for technical analysis and action planning.
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