OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
In yesterday's analysis, I discussed about the rejection of the trendline back towards 0.7167 support zone (previous swing low), which was exactly what the market performed. NU is currently in a range bound condition, pay attention to minor support & resistance zones. There are two scenarios that I am looking at

1. A violation of the trendline with a break & re-test setup, 0.7278 minor resistance zone will be the initial target
2. A breach of 0.7164 support zone would induce further selling pressure, with 0.7095 as the initial target

However, do not forget the overall trend on the higher timeframe remains bullish . Trade safe.

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Comment: Previous analysis

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