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Sunday, May 23, 2021

NZDUSD Analysis May 23, 2021

NZDUSD Analysis May 23, 2021

On the weekly timeframe price has rejected the monthly level as anticipated and is heading lower. Price closed last week extremely bearish and we could see more downward momentum this week

snapshot
On the H4 timeframe we are clearly in a downtrend forming LL and LH points. I am going to be looking for price to retrace into the 0.71800 level before looking for short opportunities to the downside.

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