Contributors Technical Analysis NZD/USD Pressuring Static Resistance

NZD/USD Pressuring Static Resistance

The NZD/USD is pressuring the 38.2% retracement level, a valid breakout will confirm an increase towards the third warning line (WL3) of the descending pitchfork. Price remains under pressure as long as is trading under the WL3, only a breakout above it will signal a further increase towards the next upside targets, from 0.7375, respectively to 0.7484 level.

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