NZDUSD is once again retesting a key horizontal resistance level at 0.6125. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Supported by Upward sloping Moving Average
Target: 0.6146 Entry: 0.6129 Stop: 0.6114
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