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Nzdusdshort

NZD/USD likely to fall!Hey tradomaniacs, after the ECB-Statement from yesterday we have seen a strong dollar-push as the upcoming rate-hikes were already priced in. The reason for the entire sell-off in equities was basically that the ECB has raised its rate of price increases aswell as lowered the exepctations for economic growth. What a dilemma... I think we might see a continuation of the recent breakout due to the risk-off-sentiment. Still stay cautious ahead the important CPI-Data today which will be very important for the market. But a great chance with tight SL here!
Short
by Trading2ez
NZDUSD Short OpportunityGood Afternoon Traders, This is the last trading day of the month and we have seen interesting moves play out today. Lots of volatility came into the markets today. Last week we had analyzed NZD/USD And managed to catch a nice swing to the upside, I’ve been monitoring price to see if it will break the resistance or reject, Price has rejected the resistance and now we can look for potential shorts to the nearest support of around 0.646 Price has pushed down aggressively leaving a supply for us to get in on the action, I will be on alert to see how price reacts. I would like to see signs of rejection and a potential bearish push at the supply before entering. Remember not to force anything, wait for price to show us what it wants to do and we can simply react. Have a great evening Renaldo Philander.
Short
by Tradebudz
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