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NZD/USD Technical Analysis July 28, 2011

posted by Avatar FXEmpire 667 days ago in USD, NZD, Technical made popular 667 days ago

The NZD/USD pair fell on Wednesday, forming a shooting star at the end of the day. This signals a very likely fall from this level, but the pair is so strong that we don’t like selling it. The real signal to sell will be if we get below the 0.85 level. The area could be supportive, and if it holds – we are buyers. If not, we sell.
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