By FXEmpire.com
The NZD/USD pair fell for most of the trading session on Tuesday, but managed a bounce in the end. The result is a hammer-like candle for the session, and we are currently hovering just above the 200 day exponential moving average as well. This should be somewhat supportive for this market, and it looks as if isn’t is ready to continue with the consolidation of the previous several weeks. With this in mind, we are only buying, and will do so on short-term dips. The shorter time frames will be used by us for entries.
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Originally posted here
