Currently the NZD is relatively overbought, but it's still relatively strong. The USD is very weak, but seems to be strengthening somewhat. So, a correction seems to be imminent, but it should be considered as another buying opportunity. The trend is strong and still abiding by the slope of the old up fork. That's why I keep stalking to go long this market.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
