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Hello traders good to be with you on this Wednesday. Well we have seen some volatility this week and sell off in the markets across the globe. Well not much high impact data today so we could see a moderate market as there is plenty of other news.The dollar index is above 96. level and that is a good thing I have to say.

OK the trade currency for today is the NZDUSD on the 30 minute chart. I have to say I was looking at this at the beginning of Asia today and had this trade plan set. Now six hours later price has came to the pullback we are looking for. It has a good confluence at nice resistance. So I am looking to see this at the daily pivot, 55 ema and the 10 ema at the price level of 0.7282 with conformation. I am looking to take profit at the support zone of price level 0.7236. Traders this could be a nice 40 pip trade and even more if this breaks support.

Thank you traders and we will talk soon……William

FX Instructor Forex Blog – For Traders, By Traders

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