NZDUSD maintains a bearish trend below 0.5907

In the very short term, the price is oversold, making the risk-to-reward ratio for fresh shorts poor. However, the situation improves as the price reaches the 0.5884 to 0.5907 zone. The next support levels and targets for bearish trades are 0.5866, followed by 0.5830.

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Multiple Time Frame AnalysisSupply and DemandSupport and Resistance

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