NZDUSD is back up retesting the lows from last week ...Middle East

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Since then, the price has bounced and is once again testing the confluence of resistance near 0.6033—a zone that includes last week’s low, this week’s high, and the 100-bar MA on the 4-hour chart. This area marks a key decision point for both buyers and sellers.

For now, the market is waiting for a directional catalyst—the 0.6033 area is the battleground.

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

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