NZDUSD Retesting Support Turned Resistance: Short Opportunity?

NZDUSD is currently heading back to retest a key previous support level, which may now act as resistance. If this area holds, it could present a great opportunity to hop on a potential short setup.

A rejection from this level could lead to further downside, giving us a solid entry point to ride the move lower. Keep an eye on price action and confirm your entry with other indicators to stay on the safe side.

What are your thoughts on this setup? Are you considering a short here? Let’s discuss in the comments!

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