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03.08.2023 07:14 AM
NZD/USD, H4 | Will the Kiwi finally find support?

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The NZD/USD pair is displaying a bearish trend, suggesting a potential fall towards the first support at 0.6065 which is an overlap support that aligns close to the -27.20% Fibonacci expansion level. If price continues to fall further, the second support level is at 0.5994 which is swing-low support. To the upside, the first resistance at 0.6132 is an overlap resistance while the second resistance at 0.6221 is a swing-high resistance.

Dean Leo,
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