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New Zealand Dollar / U.S. Dollar
Short

NZDUSD hovering above major support, watch for a bearish break!

By Tickmill
Broker

NZDUSD is hovering nicely above major support at 0.7276 (Fibonacci retracement, horizontal swing low support) and a break of this level could trigger a mega drop towards 0.7184 support (Fibonacci retracement, horizontal overlap support). It is important to wait for the candlestick to at least close below our 1st support level to potentially trigger the sell-off.

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Chart PatternsforexsignalsHarmonic PatternsNZDNZDUSDnzdusddailynzdusdlongnzdusdsellnzdusdshortnzdusdtradeTrend AnalysisUSD
Tickmill
Broker
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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