NZDUSD retests a key resistance – Analysis 19-05-2025

nzd_newsThe (NZDUSD) price rose in its recent intraday trading, attempting to retest the current resistance level at 0.5900, amid the dominance of a bearish correctional wave on the short-term basis and its trading alongside the bias line, with the continuation of the negative pressure due to its trading below its EMA50, besides the emergence of the negative signals on the (RSI) after reaching overbought levels.

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