NZDUSD may be on its way down to the upper MLH, but as soon as it is reached I expect a bounce and another move up to 0.6779. This currency pair is in a relatively strong up trend, currently oversold, so a bounce off of 0.66666 and a subsequent trend resumption seems to me to be very likely.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.