NZDUSD Trade Idea

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NU is currently in a range bound condition after an extended uptrend move. Yesterday, market rejected 0.7138 very strongly found found 0.7087 as support zone. Will be remaining neutral bias and wait for a clear reaction at 0.7138 yesterday's high.

1. If the 0.7138 resistance zone is violated, a break & re-test setup could be taken towards 0.7171 daily high
2. If the resistance is again being rejected, will be looking for double top setup with 0.7087 as target

Trade safe.

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