The Kiwi is pressured

The NZDUSD has broken a key horizontal support at the .5860 level today and has tested the 127% extension of the recent range (end of August to present) at .5815. This is also previous resistance back from October 2022. A move below the .5816 would put the long term 78% retracement and 161% Fibonacci extension at .5732 as the next downside target.

Blake Morrow

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Blake Morrow