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NZDJPY

After long gains, we can now observe an arc that appeared at the top of the candlestick chart. Additionally, the factor of a quick reaction to new Covid infections which should (at least seemingly) strengthen New Zealand, it turns out that it weakens the State in the eyes of investors. I have marked the place where we are going, this support is quite solid to be a reaction from the market. In case of another attempt to raise the price up, the resistance will be a good place for the profit to risk to be good.

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