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NZD/USD: a short-term idea

NZD/USD: a short-term idea

Information is not investment advice

NZD/USD has once again found support in the 0.6830 area. The price action on the H1 chart strongly resembles an inverted “Head and Shoulders” pattern. The advance above the neckline at 0.6400 will open the way up to the 0.6415/20 area, where it will once again meet resistance. This is where it will be time to consider selling.

Trade idea for NZD/USD

BUY 0.6400; TP 0.6420; SL 0.6390




EUR/USD: a temporary bottom

On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).


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