Mihai_Iacob

NzdUsd- medium term outlook

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Friday was a "selling"day for NzdUsd with the pair dropping hard and "negating" 8 days of trading.
Now the pair is sitting on confluence support given by the trend line and horizontal support and a break here would expose 0.64 important support.
As in our short term analysis, rallies should be sold and from a swing trade perspective we can have a GREAT R:R of 1:3

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