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Thread: Trend of the Day

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#680 (permalink)

07-16-2009, 07:54 PM

Gregory McLeod Gregory McLeod is offline

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The Trend of the Day - NZD/USD

Kiwi Dollar at Top of Channel

NZD/USD has been locked in a down sloping channel for over a month and has now come back up to resistance. Wait for either a closed full bodied candle above resistance to enter long or a follow though on the Evening Star pattern forming at resistance to enter short. A resolution of this pattern should come in a few days.

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