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NZDUSD: Sell The Break Out!

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Sep 23, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Kiwi Dollar could be preparing for another downside move in the coming days as price action appears to be setting up to breach the lower channel constraint. Specifically, the currency pair is fast approaching a probable point of inflection as it moves lower towards the 23.6% Fibonacci level which[​IMG]

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