NZDUSD Analysis

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NZDUSD pair is looking to be stuck within a range over the next few weeks. With the RBNZ cutting their interest rates, the recent rally with the New Zealand Dollar should be met with some resistance around the 1.27 extension (.6870s) with the red highlight bar. This pair could be retracing and would finally move to the downside.

Sell the rallies around .6870s with stops just above .6910
Target price .6450s


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NZDUSD sliding to the downside
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Target Profit Reached at .6450

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