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romanreyhani
Jan 8, 2016 8:51 PM

NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

Breakout to the downside through a significant upward sloping trend line that has served as a support level since late summer 2015. Also, the pair carved through the 100 day moving average today which will serve as additional resistance on any pullbacks. Target is a little difficult to predict. It could be the November 2015 low of 0.6428, or the summer low 0.6424.
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