Reason for Selling NZD/USD : 

NZD/USD is moving up continuously for a long time without any retracements.

After market reaching the top level 0.73 we expect retracement from the top level. However, our analyst team wait for the confirmation of downward movement.

Finally, market breakout the bottom level in M30 Chart and it made a re-test at previous breakout level and starts to move down.

This is the reason for Selling NZD/USD.

But, After breakout happened at the bottom level, NZD/USD try to move up again for making correction.

USD becomes weaker in short time due to the speech of FOMC member Kaplan and Chicago FED president Evan.

This makes the market to keep moving up.

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Forexgdp Team.

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Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.