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NZDUSD flat top ascending triangle breakout

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The NZDUSD bounced following better than expected NZD employment data – jobs report. Investors started to disregard latest RBNZ gov. Wheeler’s comments re further rate cuts as he implied that the outlook for the economy is looking positive, expanding his annual forecasts towards 3 % annually. Technically the pair is looking strong as it broke through running ascending flat top triangle. Running triangle means a triangle with no vortex at the top formed but it is still treated as triangle

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