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sorinT

False Break-out

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
sorinT  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
nzuusd ascending Triangle false_breakout
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nzuusd ascending triangle false_breakout
As it was the case for AUDUSD, this pair consolidated in an ascending triangle for quite some time.
However, anasty false breakouts of this triangle signal more weakness ahead.

snapshot
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