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03.05.2023 05:55 PM
The NZD/USD pair resumed its growth and now is trading at 0.6234. You knew from my previous analysis that the currency pair signaled a larger growth after jumping above 0.6153 and above the downtrend line.
Technically, the former high of 0.6219 was seen as an upside obstacle. I told you yesterday that jumping above 0.6219 activates further growth.
The breakout through 0.6219 represented a buying opportunity. The rate retested the broken obstacle announcing more gains ahead.
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