current market opening and new lows make me cautious on this pair. Regardless of the oversold condition it looks like Euro is not ready to bounce hard from current levels. Fundamentally speaking it makes sense from the NZD point of view due to their data recently released on GDP, doubling expectations!
I would not be surprised to see NZD hitting the next support at 1.6485 level.
I would not be surprised to see NZD hitting the next support at 1.6485 level.
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