Apr 25, 2025
Trade ideas
NZDUSD, H4
The asset tested the resistance level at 0.6022 and started to decline. On the chart, we can see how the highs are falling, which indicates the buyer's weakness. Now, the price is testing the support level at 0.5942.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: FBS Analyst Team
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