PlusFX
Long

NZD hit a strong declining resistance.

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The NZD/USD             has currently hit a very strong declining resistance line. This is looking very bearish at the moment with a key inclining support set at roughly 0.658. However, we expect the price to break this support and head southwards towards the low of 0.634. We will sit tight and await a bearish confirmation. See http://www.plusfxtrading.com for more in depth analysis.
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