NZD/USD downtrend is slowly coming to an end. But, it would not be wise to buy yet as the market makers may do a final stop hunt before taking the price higher.
So, all the buyers need to be smart and wait for the last dip below 0.6060 to get the best possible buy entry and then ride the bullish wave up with the big market players. There is more than 400 pips or nearly 8% gain to be made if this move comes true.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.