NZDUSD bounces near 100 hour MA/broken 38.2% retracement. What now?

  • Off the highs where strong resistance held on the first look

The NZDUSD has bounced off a target support level after correcting lower from a key resistance level during trading yesterday.

The buyers and sellers are lining up against the target support and resistance levels with the buyers trying to keep technical control in the short term. However, they have work to do if they are to keep that control.

Find out the key levels in play that will decide the winner and the loser.

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