NZDUSD moved into a cluster of technical levels ahead of the RBNZ rate decision ...Middle East

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NZDUSD moved into a cluster of technical levels ahead of the RBNZ rate decision
The NZDUSD has been moving steadily to the downside after peaking at the start of last week near 0.63778. The low price today has reached 0.6116 so far - 262 pips in a relatively short period of time. In doing so the price has started to extend into a cluster of technical levels including the: 100-day moving average of 0.6121 50% retracement of the move up from the July lower to the end of September high at 0.6113200-day moving average at 0.60981 Swing area between 0.6098 and 0.61229 This area should give traders some cause for pause after the sharp move lower over the last week. However, the RBNZ rate decision on Wednesday in New Zealand is expected to yield a 50 basis point cut. With the F

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