NZDUSD Trade Idea

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In yesterday's analysis, I expected NU to have further bearish momentum towards the downside, which was exactly what the market performed. In today's trading session, I'll be favoring short-term selling opportunities with 0.7107 support zone as target, but be aware that the condition is still range bound. If we noticed further bullish momentum breaching 0.7220 minor resistance zone, that will invalidate the short setup.

However, do not forget the overall trend on the higher timeframe remains bullish, I'm only trying to capitalize on the short-term bearish sentiment in the market.

Trade safe.

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Note
Previous analysis

NZDUSD Trade Idea

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