NZDUSD Daily - Key Reversal
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  1. #1
    Join Date
    Dec 2006
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    Cairo, Egypt
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    Default NZDUSD Daily - Key Reversal

    Hello

    Downside pressure should be seen increasing as a key reversal candlestick formed on daily chart.

    Favoured trade: Short congestion up to 0.6900, Take profit 1: 0.6862, where a break will expose Take profit 2: 0.6842 a more serious downside will be contained in congestion around 0.6800.

    Trade carefully, best luck!

    Attached chart:
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  2. #2
    Join Date
    Dec 2006
    Location
    Cairo, Egypt
    Posts
    327
    NZDUSD reached just above tp1 0.6862. but we can't rule out another test of the level and a break as well.

    Selling rallies still recommended on NZD unless we see a daily close above 0.6945 recent high.

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