NZDUSD Trade Idea
In yesterday's analysis, I noticed that sellers' were in control of the market due to the over-extended condition and expected further bearish momentum towards 0.7171 after a rejection from 0.7216 minor resistance, which was exactly what the market performed. As NU kept failing to re-visit the highs, will be looking for short-term selling opportunities if price is rejecting 0.7200 - 0.7210 zone with trendline confluence, with 0.7145 as the initial target.
Trade safe.
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Trade safe.
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Note
Previous analysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.