Aurum Markets Blog Technical Analysis Possibility of big movement expected on NZDUSD

Possibility of big movement expected on NZDUSD

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This trade setup on NZDUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 0.5753.

Target: 0.5753 Entry: 0.5724 Stop: 0.571

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