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TIMEFRAME – DAILY

SHORT TERM BIAS- BULLISH

LONG TERM BIAS- BEARISH

NZDUSD, With a strengthening USD and a weakening NZD this year due to plunging business confidence and the pushing out of Reserve Bank policy tightening expectations, I see NZDUSD hitting 0.62 by Christmas.

Technicals see a minor recovery to 0.65 region before seeing a fall. shorts at 0.651, TP at 0.62. Plan stops accordingly.

Analyst L.S