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NZD/USD Technical Analysis – Volatility
NZD/USD failed to break above $0.5850 and has dropped to long-term support near $0.55. A rebound is likely from this zone, as it represents a key support region. Additionally, the emergence of a symmetrical broadening wedge and repeated failure to break above $0.5850 have kept the pair trading in a highly volatile range. Therefore, any rebound from the $0.55 level could be strong.
