NZDUSD technical update: Testing a key barometer cluster ...Middle East

This cluster has acted as a pivot in recent sessions, and price action around this zone will be crucial in determining near-term bias:

Break below 0.5956 and stay below would shift momentum in favor of sellers. 0.5943 (low from yesterday's trade). 0.5893. Corrective low from last week's trading and lowest level going back to April 16

Momentum will likely follow the break. Watch this zone closely.

This article was written by Greg Michalowski at www.forexlive.com.

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