NZD/USD Price Analysis: Bears eye a break of 0.6300 – by fx_ross NZDUSD Technical Analysis
The bears now need to get below 0.6300 to open risk to 0.6250.NZD/USD Price Analysis: Bears attempt to take control at a key support structure at 0.6340
However, it was stated that the bears would only be in the clear once a change of structure in the 4-hour time frame had occurred in a break of 0.6340. The price has crept into the targetted area in choppy market conditions. The bears now need to get below 0.6300. This will take out critical trendline support and be the makings of a possible downside continuation for the rest of the year with 0.
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