NZD/USD Price Analysis: Bulls testing the 0.63s for bears lurking in key resistance NZDUSD Technical Analysis
The pair has reached resistance and could be on the verge of a significant correction toward an area of confluence, better seen on a cleaner chart as follows:Meanwhile, from an hourly perspective, the 0.6280s is an area of support that if broken, will likely confirm the bearish bias. However, although the price is now on the backside of the prior hourly bullish dynamic supporting trendline, the bulls are coming up for a retest of the highs in the 0.
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