NZDUSD is on a bearish momentum! | 8 Oct

Price has recently experienced a bounce from our descending trendline. We spot a potential entry from our pivot at 0.69233 in line with 38.2% Fibonacci Retracement and graphical overlap to our target take profit at 0.68774 in line with 61.8% Fibonacci retracement and graphical swing low. Technical indicators are showing bearish momentum.

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