Supports and resistances are primary concepts of technical analysis. NZD/USD is heading for an important price of 0.6239 – read about what this could mean for the future.

NZD/USD approaching important level of 0.6239
NZD/USD is about to retest a key horizontal support level near 0.6239. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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