On our market watch is NZDUSD. The pair is approaching the selling zone 0.6900-0.6950. This selling zone is the strong downside support for the continuation lower. Allow for a usual consolidation here before a proper market move and place on short trade entries with the SL above the 0.7000 level and targeting 0.6700-0.6800 zone.
Overall positioning is bearish and near-term leg lower could be continuing. Today daily close will give us the good opportunity for selling with a little risk.
SELL ENTRY AT THE MARKET (OR IN THE MENTIONED ZONE)
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