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Ascending Trend-Channel Favors NZDUSD Upside

Discussion in 'Technical Analysis' started by Kaitlin, Dec 21, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Failure on the part of NZDUSD to break 0.6830-35 ascending trend-channel resistance dragged the pair down to 0.6680; however, the short-term rising channel support triggered its bounce, favoring a quick test to 0.6770-80 and the 0.6800 immediate resistances. Should the pair manage to extend the pullback beyond 0.6800, it might[​IMG]

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