SteynTrade
Long

NZDUSD bullish cross

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Two weeks ago we were looking for the break of the pitchfork median line . Since then there was a short-lived break and price corrected back below the median line . In the mean time we have seen the 50 day sma cross the 200 day sma which is a long-term bullish signal. With the market still making higher highs (HH) on the completion of this correction we can expect further bullish action.
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