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Csys
Jan 18, 2016 11:05 AM

NZDUSD weekly TA 

New Zealand Dollar/U.S. DollarFXCM

Description

The technicals necessitate a consolidation before going further down, which could allow us to enter the train in lower time frames. The downsloping UMLH may be revisited, probably at a confluence level. In such a case, there will be no need for extra confirmation of the downtrend, which has already been in effect.
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