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NZD/USD: Upside remains shallow

The NZD/USD pair seems like gaining slowly but the upside looks shallow as there is no strong follow-through momentum while the US Dollar is also looking to find bottom.

The volume on hourly chart is consistently declining on the uptick move which indicates that the buying interest has been shredded.

Trade Signal: Sell NZD/USD @0.6735, take profit at 0.6680 and stop-loss at 0.6755

nzdusd signal

Also read  EUR/USD: Constant weakness may test 55 days SMA

1 thought on “NZD/USD: Upside remains shallow

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