HomeContributorsTechnical AnalysisNZD/USD Downside Paused

NZD/USD Downside Paused

Price edged lower on Thursday, but failed to reach the 23.6% retracement level and the 0.7375 static support. Maintains a bullish perspective, despite the minor decrease, could bounce back if the support will hold. Only a valid breakdown below the mentioned support levels will open the door for more declines. We may have a minor consolidation here before will start a significant move.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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