#NZDUSD:DXY Gaining Its Strength Back, Is it end for the Bulls?

The OANDA:NZDUSD DXY index shows a change in price character and momentum, indicating a possible price reversal for the shorter term. This aligns with our fundamental analysis, as there’s a likelihood of a China-US trade deal that could significantly influence the demand for the DXY.

There are two possible selling entries, allowing you to choose between a riskier or safer approach. Alongside these entries, we’ve set targets accordingly to your chosen entry.

Good luck and trade safely!

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