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NZDUSD






8/21/2014 12:39:56 PM

NZDUSD - Technical Analysis: Thursday, 21/08/2014 16:39 GMT



An attempt to break the critical horizontal support at 0.8400, but the trading is confined between 61.8% and 38.2% Fibonacci levels, to make the sideways range dominant on the intraday trading.

Clear contradiction between the exponential moving average 50 and stochastic positivity is causing the current sideway trading.


Target
Risk


Support
Resistance


Trend Sideways

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