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Feb 12, 2025

Trade ideas

NZDUSD: Decline Ahead

NZDUSD, H2

NZDUSDH2.png

NZDUSD rebounded from the trendline and started declining.

The price faces the 0.5640 support. The Momentum oscillator crosses the 100-line and the Alligators lips cross the jaw line down, giving a strong bearish sentiment.

  • Consider a short trade if the price breaches below the 0.5640 support, with the target at 0.5610.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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