From a technical standpoint, the 38.2% retracement of the January decline at 0.55939 remains a key resistance level. As long as the price stays below 0.55812 - 0.55939, sellers will retain control. On the downside, the next critical targets include the January low at 0.55398, followed by today’s session low of 0.55153, and ultimately, the 2022 low at 0.5510.
A decisive break above 0.55945 (38.2% retracement) could shift the momentum, leading to further upside exploration. In that case, the next key level to watch would be the 50% retracement of the January decline at 0.5619, signaling a stronger bullish recovery. Until then, the broader bias remains bearish, with sellers looking to maintain control below key resistance levels.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about nzdusd a big mover today but off the lows what next was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( NZDUSD a big mover today, but off the lows. What next? )
Also on site :