Preferred direction: SELL Comment: At the beginning of the week, the major currency pairs are showing quite mixed behavior, especially the currencies of the Pacific region. However, the medium-term and immediate prospects are still in favor of the US dollar. Regarding the New Zealand dollar, we expect a fall with a target at the level of 0.66000. We highlight two main scenarios for ourselves; it is better to use a dynamic set of positions with a common stop-loss.
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Before the Fed meeting, this trading idea is relevant.