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

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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