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Mar 27, 2019 1:55 AM

NZDUSD - Pennant formation - BUY Long

FX:NZDUSD240
New Zealand Dollar/U.S. DollarFXCM

Description

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The NZDUSD has been trading between a pennant formation since December 2018.
The pair have now touched the bottom area of the pennant due to a negative Interest rate statement from the RBNZ.
This provides opportunity to BUY back up towards 0.6920.
Trend AnalysisChart PatternsTechnical IndicatorsNZDUSDpennantbreakoutrbnzratecutbuy
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