NZDUSD 24 Nov 2022. NZDUSD on the daily timeframe, it looks like this pair has been in a long bullish rally since early October.
In terms of the RSI and Stochastic indicators, market conditions are starting to be overbought.
But in terms of candles there is still no sign of a trend reversal. What’s more, the BB band is getting smaller.
It is better for traders to wait for other confirmation signals before entering the market.
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The dollar rose on Monday, a day before the Federal Reserve was due to begin a two-day policy meeting, while the euro was boosted by
