Sun, Feb 05, 2023 @ 16:29 GMT
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NZD/USD Turned To The Downside

The NZD/USD dropped sharply after the yesterday’s false breakout above the 50% Fibonacci level and could approach the 61.8% retracement level. Price failed to reach the upper median line (uml) of the descending pitchfork, so the current drop is natural. Could drop much deeper after the retest of the wl5 and after the failure to close near this line, it could come to retest the median line (ml) of the descending pitchfork.

MultiBank Exchange Group
MultiBank Exchange Group
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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