NZDUSD tests support at swing level. Traders await price reversal or breakout ...Middle East

The NZDUSD on Monday peaked right near the high from the last time the price was at the levels on July 31 near 0.6221 (see blue numbered circle on the chart below).Willing sellers in the NZDUSD leaned against the level and have since pushed the price lower over the last two trading days. The low price today reached down to 0.6124. That got within seven pips of a swing area target near 0.6117 (see red numbered circles on the chart below). The price move lower has stalled near the support target.What next?Traders going into the new day have a choice to make at that swing level at 0.6117. Do buyers want to lean against that level and push the price back higher toward the Monday high at 0.6221?

Hence then, the article about nzdusd tests support at swing level traders await price reversal or breakout was published today ( Wednesday 06/12/2023 - 12:00 AM ) 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.

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Last updated : 06 Dec 2023 clock 12:00 AM

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