NZDUSD Trade Idea

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In yesterday's analysis, I expected NU to re-test the 0.7310 key support zone for further bullish continuation, which was exactly what the market performed. In today's trading session, I will be aware of potential pullbacks/ dips due to the current over-extended condition. A re-test of 18ema could be a great entry opportunities with 0.7440 key daily resistance zone as the target. We might even see a dip to re-test 0.7320 support zone, stay reactive.

Do not forget the overall trend on the higher timeframe remains bullish.

Trade safe.

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