NZD/USD consolidates recent losses around the lowest level since March 2020, up 0.75% intraday near 0.5680, as it snaps a two-day downside during Tuesday’s Asian session.
Our Analysis:
While the price is below 0.5850, follow the recommendations below: - Time frame: D1
- Recommendation: short position
- Entry point: 0.5630
- Take Profit 1: 0.5600
- Take Profit 2: 0.5500
Alternative scenario:
If the level 0.5850 is broken-out, follow the recommendations below: - Time frame: D1
- Recommendation: long position
- Entry point: 0.5850
- Take Profit 1: 0.600
- Take Profit 2: 0.6160
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