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FX.co ★ NZDUSD major reversal!

NZDUSD major reversal!

NZDUSD major reversal!

We're seeing major resistance at 0.6200 for NZDUSD which is a key overlap resistance and a 23.6% Fibonacci retracement. Price is below a descending resistance line along with the bearish Ichimoku cloud suggesting that price might drop strongly from here.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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