NZDUSD Price Analysis: Bulls holding above key 0.5950 as bears try to take back control – by fx_ross NZDUSD Technical Analysis
he market since last week and bears could be lurking on a mid-week opportunity to counter the trend into in-the-money-longs as the following will illustrate.The bears broke the micro trendline and met key support, as anticipated in the prior analysis: The pair is testing the commitments of the bulls at the next micro trendline. 0.5950 is important in this regard., the price is bounded by resistance and the doji could turn out to be pivotal for the pair and week.
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