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NZD/USD Rebound: Potential Bearish Impulse Ahead
After a rebound from the previous resistance area, the NZD/USD pair is showing signs of a potential new bearish impulse towards the lower side of the chart, aiming for the previous support area. The recent price action suggests a shift in momentum and a possible continuation of the downward trend.
The NZD/USD pair had encountered significant resistance in the previous area, causing the price to bounce back. This rebound indicates a rejection of higher levels and a potential reversal in the pair's direction. Traders and investors should closely monitor the price movement as it approaches the lower side of the chart, which serves as a target area for the bearish move.
It is important to note that the main trend for NZD/USD has been predominantly bearish, with the pair engaged in a downward trajectory. This current rebound could be seen as a retracement within the overall downtrend, providing an opportunity for traders to capitalize on a potential continuation of the bearish movement
The NZD/USD pair had encountered significant resistance in the previous area, causing the price to bounce back. This rebound indicates a rejection of higher levels and a potential reversal in the pair's direction. Traders and investors should closely monitor the price movement as it approaches the lower side of the chart, which serves as a target area for the bearish move.
It is important to note that the main trend for NZD/USD has been predominantly bearish, with the pair engaged in a downward trajectory. This current rebound could be seen as a retracement within the overall downtrend, providing an opportunity for traders to capitalize on a potential continuation of the bearish movement
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