NZDUSD- Short trade idea
SHORT NZDUSD trade. NZDUSD on monthly chart has broken long term descending trend line. We now see consolidation between levels 0.7000-0.7300. Short term weekly resistance at 0.7300 with target at lower end of consolidation range 0.7000. Execute trade on the close of Daily candle (10th May 2021) with stop loss at 0.7320.
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