NZD/USD Price Analysis: Bulls eye a run past 0.6280, bears flex at 61.8% Fibo NZDUSD Technical Analysis
Meanwhile, there are prospects of a move lower:
The price has made a 61.8% Fibonacci retracement of the 4-hour bearish impulse but has since started to decelerate. However, given the momentum in the correction, if the downside is to play out, it could be a staggard and slow process as the bears and bulls go head to head in a barroom brawl between the lows and 0.6250. If the bulls keep control, then a breach of 0.6280 opens the risk of a run through 0.6300 and from that point, things will start to look bullish towards 0.
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