OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
In yesterday's analysis, I expected bearish momentum and the trendline to fail, attracting more buyers onto the wrong side as I noticed immediately weakness in NU after the trendline was breached with 0.7171 & 0.7094 as targets, which was exactly what the market performed. Currently will be looking for short-term selling opportunities after some pullback, ideally re-test the 0.7161 minor resistance zone before further bearish continuation towards 0.7094 support zone . However, do not forget the overall trend on the higher timeframe remains bullish .

Will keep it updated on Monday (18th Jan) during the Asia session. Trade safe.

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Comment: Previous analysis

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Comments

good analysis
+1 Reply
TraderNeoh fahadfastion
@fahadfastion, Cheers.
Reply
i agree
here is my idea

+1 Reply
TraderNeoh Lio_Btx
@Lio_Btx, Great setup.
Reply
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