In this market of many bearish currency pairs, NZD/USD is not one to be short on just yet. 

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Look at this clear Bearish Bat harmonic pattern on the one-hour time frame. I will look to buy this pair at 0.69960 with stops at 0.69700. Your first take profit will be at the B point structure at 0.70300 and your second take profit will be at 0.70750.

The recovery of this pair has gained momentum this week after being under bearish pressure for some time

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.