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Euro / New Zealand Dollar
Short

EUR/NZD Bouncing lower from 2 year falling trendline resistance

55
EURNZD

The rate is currently experiencing a sharp sell-off after testing the resistance from a falling trendline dating back to 2015.

Although the current formation (contracting falling wedge) would leave me cautious when shorting the pair, a smaller short term short position to target the yearly lows around 1.4700 could work nonetheless.
TradeItSimple
Also on:
EURNZDFalling WedgeTrend Lines

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EURNZDFalling WedgeTrend Lines
TradeItSimple
Also on:

Disclaimer

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.