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Trade of the Day: GBPNZD

14 July 2022

Trade of the Day: GBPNZD

The trend at the moment is downtrend market. We are focusing on looking for short positions on general.

We will be looking for the resistance zone near when the price pulls up to it. Since the trend still a steady downtrend, we will focus on the short position near the resistance zone.

Or

If the price break above the resistance zone, we can try find a position for long when the price back to retest the resistance become support zone.

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