NZDUSD: Short Setup Taking Shape
Strategy: Pending Short
NZDUSD has put in a bearish Harami candlestick pattern below resistance at 0.7551, the 61.8% Fibonacci retracement of the 2/2-3/17 decline. We will look for confirmation on a bearish close to the current candle that ideally takes prices below the 50% Fib at 0.7466 to re-enter short after booking profits on our initial position last week.
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