NZDUSD bounces off the 100 hour MA at 0.5948 currently. That is now close support.
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The NZDUSD currency pair has shown resilience, bouncing off the rising 100-hour moving average at 0.5948, which is now a key support level. After a dip during the Asian-Pacific session, buyers stepped in, pushing the price up to 0.5967. The technical outlook indicates that if buyers can break above the trendline resistance and Friday's high, targets could reach between 0.5983 and 0.5990. Conversely, a drop below 0.5948 would shift focus to lower support levels around 0.5927 to 0.5935.
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