JohnnyPurtoy98

NZDUSD - Support becomes resistance

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
This area looks to now be holding as a resistance level, this is after the price had previously broke it as a level of support. The price has just recently moved inside the zone and seems to have broken out the bottom, this could possibly be a break. The best idea at this moment would be to watch the market until a stronger signal can be spotted. The RSI is getting closer to being oversold, and the price seems like it may slow down soon.

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