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Forex technical analysis: NZDUSD extends to a level of interest

Discussion in 'Technical Analysis' started by ForexLive, Sep 13, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Tests 200 bar MA and lower trend line... The NZDUSD has extended to a lower trend line and the 200 bar MA on the 4-hour chart. This is a low risk area in a tumbling market. The range today in the NZDUSD is above the 22 day average (106 pips vs 82 pips). So it is 129% of what is normal. Is that enough to catch a falling knife against support?

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