NZD could surprise many. This pair can gain serious momentum near term to retest 0.99 level. Thereafter the 1.00 target is not going to be difficult. NZDUSD is also could make a similar strong up move.
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Even though the trade is up 120pips, the price action is not showing bullish strength I am after, and still in consolidation at this upmove. Could see the pair to sell off and break below the mid-Apr low and then resume up. Booking profit at this level is prudent.
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