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NZD/USD SELLERS WILL DOMINATE THE MARKET|SHORT

Short
Dolar Nowozelandzki/Dolar USA (FX:NZDUSD)  
EliteTradingSignals  
FX:NZDUSD   Dolar Nowozelandzki/Dolar USA
Trend Analysis Chart Patterns Wave Analysis NZDUSD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis nzdusd short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

NZD/USD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 0.587.

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