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FXAutomate
Oct 18, 2021 7:45 AM

Rejection of Daily 200 SMA Short

New Zealand Dollar/U.S. DollarFXCM

Description

Based on the latest candle we are witnessing what appears to be a strong rejection of the Daily 200 SMA. This rejection could initially see the price heading lower towards the Weekly Pivot @ 0.702 with a break below it possibly seeing brand new structure lows.
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