NZDUSD reverses sharply after false breakdown, leads major FX gains vs USD ...Middle East

Today, the , NZDUSD is up 1.22%, making it one of the top performers against the USD, alongside AUDUSD. Stocks moving higher is helping the risk-on sentiment . Technically, the pair has reclaimed ground above the swing area between 0.5581 and 0.55918, further strengthening the short-term bullish bias. That area will now be close support. Staying above gives the buyers more hope for further momentum

? Key levels:

Resistance: 0.5647 (low price from March 31), 0.57099–0.57225 (MA cluster), then 0.5838 (38.2% retracement)

Bias: Bullish short-term above 0.55918

This article was written by Greg Michalowski at www.forexlive.com.

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