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Dec 6, 2015 3:31 PM

NZD/USD Channel Breakout Long

New Zealand Dollar/U.S. DollarFXCM

Description

NZD/USD broke out of a falling wedge pattern and now appears to have broken out of the corresponding channel. The rate remains above the 100 SMA. These are bullish indicators for the NZD/USD pair.

As long as these conditions hold, the NZD/USD is bullish and we will remain long.

Good Luck!

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