NZD/USD Price Analysis: Bulls reaching into a key area of resistance NZDUSD Technical Analysis
Bears are looking for a fade into key support.
The W-formation is a reversion pattern and this might be expected to pull the market lower toward the neckline of the pattern and the trendline support between a 38.2% Fibonacci and 50% mean reversion:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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