As expected, 0.6150, proved to be strong resistance for NzdUsd.
Overnight the pair dropped aggressively, breaking the trend line that maintained NzdUsd on an uptrend from the beginning of April.
I expect a big reversal for this trade and the first target for sellers can be 0.5850.
Only a daily close above 0.61 zone will negate this scenario
Overnight the pair dropped aggressively, breaking the trend line that maintained NzdUsd on an uptrend from the beginning of April.
I expect a big reversal for this trade and the first target for sellers can be 0.5850.
Only a daily close above 0.61 zone will negate this scenario
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