NZD/USD continues to how strong it really is as we had a hard sell off today, only to bounce back late in the North American session. Because of this, it appears that the NZD/USD looks to continue its parabolic move, at least for the time being. However, the move has been so over-extended that it is impossible to buy at this point. Of course, selling isn’t an option either. With luck, you are already long this pair. If not, wait for significant pullbacks to buy it “on sale”.
Originally posted here
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