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GBP/JPY 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    NZD/CAD 1H Chart: Channel Down Comment: We hold a bearish outlook on the New Zealand Dollar this week. The currency pair has recently broken through the long-term moving average and formed a descending channel. The near-term rallies are to be capped by the falling resistance line at 0.9426, while the target is the December 15 low at 0.9242. However, the upside risks are not negligible. First, most of the daily technical indicators are giving ‘buy’ signals. Secondly, the Kiwi is oversold in the

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