NZDUSD found swing zone support between 0.5851 and 0.58699 this week. The trader also found resistance in another oscillating zone between 0.5933 and 0.5941. These extremes helped limit the ups and downs this week. Certainly, with prices hitting new lows for the year and the lowest going back to November, sellers have more control. However, the support swing zone has held at three distinct points to the downside, suggesting that buyers are interested in the zone.
In this video I examine the pair from a technical perspective and outline the key levels at play.
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