NZDUSD bouncing off 0.5600
NZDUSD is reversing higher from the long-term support of 0.5600 which is close to the March 2020 low. This bounce could lead to a strong rally higher into 0.6000 which is the key upside reversal resistance before 0.6200. The strong rejection higher from 0.6200 is indicating a strong counter-trend rally.
Note: look for the long trades with the stop loss below 0.5650
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