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ew-forecast
May 22, 2015 9:36 AM

NZDUSD: Downtrend Continuation Short

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD made three legs up from march lows that appears to be a completed corrective rally with an ending diagonal in c wave. Price is trading bearish for the last few days, breaking beneath wave b support (red line) so we assume that market will continue south, down to around 0.7000 in weeks ahead.

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