The long-term market outlook is bearish for NZDUSD. On the 4-hour chart, we have a bullish correction targeting the unmitigated supply sitting at 0.62 price handle. Our approach to this pair is to wait for a break to the downside then short it targeting the fair value gap at 0.59374 price handle.
Trade closed: target reached
Take profit was achieved at the fair value gap marker 0.594
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