NZDUSD - Short
NZDUSDWe've reached a major level of resistance. We anticipate the pair to make its last attempt to break over the 0.63700 price. In addition, the bullish momentum is due for a major slow down at this price.
We will be looking for short entries for this pair. With last weeks' set of US Data we foresee a stronger Dollar, putting pressure on the NZ Dollar.
We are looking at a medium to long-term hold on this pair.
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Happy Trading from South Africa 🇿🇦
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Trade closed: stop reached
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