Technical Analysis:
The NZD/USD pair is currently trading near a key resistance zone on the 1-hour chart. A break below the 0.60600 level would signal potential profit booking from higher levels, presenting a shorting opportunity. Traders should consider short positions around this marked area, using the recent highs as a stop-loss, but only after confirmation of the price action. Until then, it’s advisable to wait for further developments in the market.
Disclaimer: Trading involves inherent risks and may not be suitable for everyone. Past performance is not indicative of future results. It is important to carefully consider your financial situation and risk tolerance before engaging in trading activities
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