NZDUSD has recently formed a double top and pushed to the downside after bearish pressure took control. After breaking the previous support I am now looking for this pair to re-test the area, now acting as resistance before another possible push to the downside. COT Data is showing an overall strength in the USD while NZD looks to be overall short.
Seasonals as stated before show that it is common for the USD to strengthen coming into the month of October. While NZD has short term bearish movement
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