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Trader, analyst and instructor with a 6-year experience

Credit Suisse: sell NZD/USD on highs

Credit Suisse holds a limit order to sell NZD/USD from 0.7900 with a take profit at 0.7715 and a stop loss at 0.7960.

Key support for the pair now lies at 0.7693/83 – the pair pushed higher from this level, forming a bullish engulfing candle. The risk for a bullish correction back to 0.7960/70 persists. This is the price resistance and the 13-day MA.

Chart. Daily NZD/USD

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