Mihai_Iacob

NzdUsd- big reversal underway?

Short
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
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

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