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Sforex
Aug 20, 2015 3:47 AM

Kiwi : Triple bottoms and thick Kumo cloud 

New Zealand Dollar/U.S. DollarFXCM

Description

Kiwi is now trading below Kumo cloud, and I see triple bottom pattern on the chart.

Strong support is at 0.6480

I see a descending trend line.

A very thick Kumo cloud is above price.

It means this is a strong resistance.

I think I will wait until Kiwi test Kumo cloud.

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