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The NZDUSD has been roaring lower in recent times. No Forex pairs can go straight down or straight up and all pairs must rotate and retrace back to value at some point in time.
The NZDUSD has now hit recent support. Will we see an overdue bounce higher from this level? Traders could look to get short with this down momentum in their favour by shorting any signs of strength we get in the coming days or weeks.
NZDUSD DAILY CHART
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