After the meltdown that the NZD/USD pair has just gone though I expect a pull back to be taken. This is a good place for the bounce back to occur as it is now sat on a daily support level which holds a lot of significance. My Target is set at 0.662.
Trade closed: target reached
0.662 Smashed beautifully. I'm now forecasting the downtrend to continue.... Possibly all the way to 0.64 :)
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