NZDUSD bullish bias alive but overbought in short-term

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NZDUSD keeps moving inside a bullish bias since several weeks ago, above 200 SMA at H1 chart.

Our technical view for Kiwi is still calling slightly for more upside moves, but the fact is that the current stage should be taken as an extreme, because NZDUSD structure is showing some weakness.

Also, we shouldn’t discard a pullback towards support zone of 0.6659, where a brekaout should open the doors to test the 0.6624 level.

MACD indicator is still at positive territory.

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