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FX.co ★ NZD/USD Technical Correction, June 30, 2011 (Daily Strategy)

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Forex Analysis

2011-06-30T13:44:20
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NZD/USD Technical Correction, June 30, 2011 (Daily Strategy)

NZD/USD Technical Correction, June 30, 2011 (Daily Strategy)

NZD/USD

The analysis of the 4 hours graph of the New Zealand dollar - United States dollar pair show the potential change of trend in the short term or a technical correction, the price of the pair is fluctuating near the second weekly resistance around 0.8274. If in the course of the day the price of the pair trades below this level, it would be a clear signal to sell with a goal in the fractal formed around the 0.8050 level.

The momentum indicator and the RSI are showing a possible Correction of prices.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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