NZDUSD Trade Idea

In yesterday's analysis, I expected NU to reject the 0.7440 resistance zone very strong, followed by a a strong bearish reversal, which was exactly what the market performed. In today's trading session, I will be focusing on short-term buying opportunities, with 0.7310 as the support zone. If the bullish rejection is strong, we could expect a strong bounce to re-visit yesterday's high at 0.7440 resistance zone.

The overall trend on the higher timeframe remains bullish.

Trade safe.

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