NZDUSD 1:3 Risk Reward SHORT

Possible setup here on a technical basis.

Daily trendline
Resistance off the current area of supply
Fundamentals weak for NZD, slgihtly strong for USD

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Fundamentals no longer in favour, i have an opposite conviction now that NZD will long

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RBNZ statement dovish, likely see a long term down trend in NZD now after the statement. Future scheduled releases likely to be bearish

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Various NZD negative news pushing the position further

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Trade taken just about 2 months to materialize

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