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Forex Analysis Details

NZDUSD on the way of Upside Correction towards 0.668 level.

  • PUBLISH BY: FxsuccessBD
  • 08 Jul, 2019 7:31pm

According to daily NZDUSD chart this pair already took 50% Fibonacci retracement (highlighted yellow line). We saw that during Friday NFP this pair took bearish breakout and move towards 0.66 levels where dynamic support & EMA 50 level have. Now price trying to take upside correction and expected target zone is 0.668 and it can be a logical pullback zone.

Suggestion: Wait and go for short position from 0.668 level and ideal target can be 0.66 levels.

DAILY PIVOT:  Check Chart for Exact PIVOT Price Level.

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