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NZDUSD: Trading Plan Ahead of CPI ๐Ÿ‡ณ๐Ÿ‡ฟ๐Ÿ‡บ๐Ÿ‡ธ

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๋‰ด์งˆ๋žœ๋“œ ๋‹ฌ๋Ÿฌ / ๋ฏธ๊ตญ ๋‹ฌ๋Ÿฌ (OANDA:NZDUSD)  
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OANDA:NZDUSD   ๋‰ด์งˆ๋žœ๋“œ ๋‹ฌ๋Ÿฌ / ๋ฏธ๊ตญ ๋‹ฌ๋Ÿฌ
Wedge Trend Lines Support and Resistance NZDUSD newzealanddollar NZD USD trading Technical Analysis trader forexsignals Contains image
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wedgepattern trendline supportandresistance nzdusd newzealanddollar nzd usd trading technicalanalysis trader forexsignals containsimage
snapshot

NZDUSD is currently approaching a strong intraday/daily horizontal demand cluster.

After a CPI release, pay attention to an expanding wedge pattern on a 4H time frame.
Its resistance breakout - 4h candle close above - will give you a strong bullish confirmation.

A bullish movement will be anticipated at least to 0.5899

Alternatively, a bearish violation of a blue support will invalidate the setup.

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