As a result of the ongoing from July declines NZDUSD reached the technical support level at 0.7055, where already on Friday the first demand response occurred. Due to the bearish gap on opening of today’s session the market is again in the vicinity of this level, and there has also been a demand response. In near future we would expect that we could reject this zone and create at least a bullish correction. So in the short term, you should consider CALL option on this instrument.
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