NZDUSD is approaching support that hasn't been broken since 2009. We can expect a strong reaction around this level whether it's bearish or bullish. Commercial traders and large speculators seem to be trading at extremes which could cause a change in sides. I will be looking a good entry near the support level.
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visit us at blackorchidfx.com!
For some good reads visit our blog at www.blackorchidfx.com/blog
If you'd like to contribute, please submit all blog posts to contact@blackorchidfx.com