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NZDUSD Trade Idea

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In the previous analysis. I expected NU to again reject the 0.7250 resistance zone to re-test the 0.7182 minor support zone, which was exactly what the market performed. In today's trading session, I will remain neutral bias. There are two setups that I am looking at

1. Be aware that we are currently forming higher lows, I expect market to create another push to re-test 0.7180 support zone before further bullish continuation with 0.7250 & 0.73 resistance zones as target. There are clusters of SL beneath 0.7180 level, price could have a deeper drop to create a probe then push higher as well (Bullish)
2. If you're looking for short-term selling opportunities, make sure to wait for a clear violation of 0.7180 support zone, that could expose 0.7114 support zone (Bearish)

Do not forget the overall trend on the higher timeframe remains bullish.

Trade safe.

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Previous analysis

NZDUSD Trade Idea

Feragatname

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