NZDUSD Price Recovery Upwards may have Additional Room
Certainly reversals lower remain part of the natural trading landscape and speculators should not wager on a strict one way avenue. However short term behavioral sentiment has displayed buying action for the past few trading sessions, this after the NZD/USD stumbled to a low of nearly 0.
However if short term optimism continues to ring loudly in equity indices, there is a chance the NZD/USD will continue to challenge nearbyof September the NZD/USD was trading above the 0.58000 level. And that on the 12The strong bearish trend since the middle of September in the NZD/USD may have been overdone, short term speculators may want to wager on upside price action extending.
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