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NZDUSD Analysis July 31, 2020

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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3
On the monthly timeframe we are closing with slight buyers exhaustion. We are in a retracement but overall still bearish . On the weekly timeframe we are retesting a supply zone and forming a hammer candle to end off the week. There is a weekly trend line that we are also retesting. In order to short this pair we need to break the H4 support level .

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