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NZD/USD Forecast for the Week of February 27, 2012, Technica

posted by Avatar FXEmpire 448 days ago in USD, NZD, Technical

NZD/USD fell for the week, but managed to bounce from the lows in order to form a hammer just under the now obvious 0.8450 resistance area. The pair looks strong, and the trend has been very healthy to the upside. The commodity trade should continue as the easing around the world will push traders into the “stuff” trade as fiat currencies will lose
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