NZDUSD closed at entry price and trying to consolidate at retest area
NZDUSD Analysis
NZDUSD is falling from the retest area of the previous support which act as a new resistance in the daily timeframe chart. Market is moving towards the major support.
In the 4-hour timeframe, NZDUSD has recently broken the horizontal support area
The NZDUSD pair has been trading within the entry price range for an extended period, resulting in a prolonged ranging movement. This market has been oscillating between the entry price levels for over 24 hours.
In accordance with our signal-following guidelines, we have closed the NZDUSD signal at the entry price level due to the lack of significant price movement and the 24-hour Trade Protection rule.
For those new to our service, please take note that the NZDUSD signal has been closed at the entry price level as a result of limited market activity within the specified time. Continue to adhere to our signal guide provided with each signal message at forexfib.com/guide/
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