NZDUSD currency pair appears to be keeping to the plan. With 0.69708 resistance taken out sights are now placed to the upside for possible swing trade to 0.71923 first. Further close above there will open up further upside potential to 0.74478 cluster resistance zone.
On the downside, a daily close below 0.69531 should invalidate any bullish view on this pair for now. Further daily close below 0.68034 support zone will open up further downside potential to 0.66871 first. Further daily close below 0.66871 will bring downside bias towards 0.65741. And even further daily close below 0.65741 will bring more downside bias towards 0.64252.
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On the downside, a daily close below 0.69531 should invalidate any bullish view on this pair for now. Further daily close below 0.68034 support zone will open up further downside potential to 0.66871 first. Further daily close below 0.66871 will bring downside bias towards 0.65741. And even further daily close below 0.65741 will bring more downside bias towards 0.64252.
www.trading-equity.com