NZD/USD Price Analysis⚠️⚠️: Pair gets rejected again by the 20-day SMA, more downside on the horizon

NZD/USD Price Analysis⚠️⚠️: Pair gets rejected again by the 20-day SMA, more downside on the horizon

The NZD/USD got rejected by the 20-day SMA by the fourth time this week.
Technical indicators point to increasing selling pressure and decreasing buying pressure.
A breakout from the 0.5940-0.6030 range will confirm a bearish outlook.

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