NZDUSD is trending to the upside currently prior to the USD 4 week bill auction, which reveals the yield on the bill. Technically the pair has broken the bearish structure, and is testing the moving average ribbon as support. We anticipate continued upside into the 0.7079.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.