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InvestingScope
Jan 14, 2019 6:11 PM

NZDKSEK: Shorting the Higher High/ Resistance. Short

NEW ZEALAND DOLLAR / SWEDISH KRONAICE

Description

The price is trading on a stable 4H Channel Up (RSI = 68.273, MACD = 0.025, Highs/Lows = 0.0242) and is approaching the patterns potential Higher High ~6.1250, which also happens to be the Resistance on 4H. This combination creates an optimal sell opportunity on a very short term basis, TP = 6.0600.





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