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NZDUSD Analysis Jan 17, 2021

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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1
On the weekly timeframe we formed a very clear bearish engulfing candle at a weekly level of resistance. I am expecting price to head lower this week following a small retracement. On the H4 timeframe if we get a retracement to the 0.71600 level which lines up with 38.2% on our fibs we will look to short

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