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NZDUSD double bottom forming nicely, further bullish potential!

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Tickmill Broker  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns NZDUSD NZD USD nzdusdshort nzdusdlong nzdusdtrade nzdusddaily nzdusdsell nzdusdbreakout
196
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trendanalysis harmonicpatterns chartpattern nzdusd nzd usd nzdusdshort nzdusdlong nzdusdtrade nzdusddaily nzdusdsell nzdusdbreakout
NZDUSD is has formed a nice double bottom formation and we’re seeing major support above 0.7273 (Fibonacci retracement, horizontal overlap support, breakout level) and a strong bounce could occur from here to help price rally towards our next major resistance at 0.7341 (Fibonacci retracement, horizontal swing high resistance).

RSI (89) sees ascending support hold price up really well and adds to our bullish momentum.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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