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NZD/USD Technical Analysis for July 29, 2011

posted by Avatar FXEmpire 692 days ago in USD, NZD, Technical

The NZD/USD fell on Thursday as the risk off trade started to dominate yet again. In all reality, this pair is overbought by any standard, and as such could and should fall a bit. The pullback we expect isn’t something to sell, rather a move that should see the market finding support at either 0.86 or 0.85, which could be another buying....
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