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New Zealand Dollar / U.S. Dollar
Short

NZDUSD: Potential Reversal & Great Shorting Opportunity

By VasilyTrader
snapshot

NZDUSD is retesting a major broken trend line on a daily.

The touchpoint matches perfectly with 382 retracement of the last bearish impulse and recent minor horizontal resistance.

On 4H the market remains bullish though.
The price is steadily growing within a bearish flag pattern.

To catch a bearish move, wait for a breakout of flag's support,
it will be a perfect confirmation.

Goals:
0.717
0.7138

In case of a bullish violation of the yellow zone, setup will be invalid.
CurrenciesFibonacciForexnewzealanddollarNZDUSDSupport and ResistanceTechnical AnalysistradingTrend AnalysisUSDDJ FXCM Index
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