NZD/USD
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Thursday 2013-05-16 08:41:56
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also has a very interesting break and a lot of room to fall. The target is around 0.7750-0.7800 area right around the longer term upward trend line, the green line, (see the weekly chart below). It breaks the shorter term upward channel (the red line) and also already breaks the low of 0.8154 which was the important support, got tested twice on the downside on the Dec 26th, 2012 and Mar 13th, 2013.
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Disclaimer: The information in this content represents my own opinions, knowledge, and experience that I’ve learnt and been through. So in sharing this information is to help you with ideas to include in your research before making a decision to either trading or stepping into this part of investment. Please read the full Risk Disclaimer in the term and condition section. |
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