NZD/USD still made a breakdown of the trend line

1 min read

Hi traders,

The NZD / USD currency pair made a breakdown of the downward trend line and the price came to the main resistance zone, which suggests a correction.

If you stretch the Fibonacci lines, you can see that the 0.6345-0.6325 zone coincides well with the Fibonacci level 50 even today, this will be the main point for the price reversal. I also do not exclude that the price may go lower to the area of ​​0.6275-0.6255.

Good trading,
Yaroslav Mudryi.

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