The NZDUSD reached to a new high going back to March 2024 and in the process tested the highs from February and March near the 0.62154. The inability to extend above those levels, gave the sellers the go-ahead to push lower. Traders have taken the price down toward the swing level and the 61.8% of the range since the December 2023 high. That area comes near 0.61706.
This article was written by Greg Michalowski at www.forexlive.com.
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