Daily Analysis: Huge Drop For NZD/USD
Nenad Kerkez | Jan 29, 2015 05:50AM ET
NZD/USD has confirmed the downtrend
NZD/USD has confirmed the downtrend on dovish RBNZ statement and we can see that there is a huge drop in pair. POC1 stands around 7350 and it is a zone where we could start searching for short opportunities towards 7270. In the case of greater pullback 7410-7430 zone is providing another opportunity to go short towards 7270. In the case 7270 breaks to the downside we can try to trade one of 3 possible breakout setups (TH,BR,BPC) towards 7220.
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