NZD/USD is now in the corrective territory around 0.6200/50.
The price has made a 61.8% Fibonacci retracement of the 4-hour bearish impulse.
If the bulls keep control, then a breach of 0.6280 opens the risk of a run through 0.6300.
As per prior analysis, NZD/USD bears are waiting to move in to keep pressures on below 0.6300, the price dropped as per the forecast following the speculated trajectory as follows:
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