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NZDUSD – Rejected At Resistance, Now Testing Support (Daily chart)
Price Action Context
For now, despite 2 solid attempts, bulls have not been able to successfully clear 0.69 which is the top of a multi-year S/R zone. Instead, bears again stepped in, heavily rejecting the bullish attack and price is now back testing the LT support a second time after the false break in early January.
Trending Analysis
If this LT support holds, a move back …
... Keep reading
