NZDUSD recently reversed up from support zone area lying between the multi-month support 0.6210 (which stopped the sharp downtrend in October) and the lower daily Bollinger Band.
The upward reversal from this support zone started the active short-term correction (ii).
NZDUSD is likely to rise further toward the next resistance level 0.6330 (former monthly low from November and October).
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Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
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