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NZDUSD






1/5/2015 2:24:46 AM

NZDUSD - Technical Analysis: Monday, 05/01/2015 07:24 GMT



The continuation of the bearish bias after bouncing from the descending channel’s resistance, and waiting to target the channel’s support around 0.7550 initially.

Negative pressure coming the exponential moving average 50, and breaking 0.7607 will offer more support to the expected bearish trend.


Target
Risk


Support
Resistance


Trend Bearish

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