NZD/USD Price Analysis: Bulls eye a move out of consolidation to 38.2% Fibo NZDUSD Technical Analysis Currencies DollarIndex
The price is on the backside of the bullish daily trend but is being supported, although the downside bias for the medium term is solidified considering the break of structure 0.6365. However, as seen the bears can't shake off the bulls that have defended this area of support:
If we are going to see a move, it could come sooner than later with 0.6370 eyed in a 38.2% Fibonacci retracement:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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