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NZD/USD Symmetrical Triangle

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DannyBly

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Looking at the daily NZD/USD we can see pressure building along the lower trend line of the symmetrical triangle -beneath we have support at the double bottom in the 0.7369 area - adding to the bear case we are trading below the 200 period SMA and selling momentum is strong as reflected in RSI.

nzddailym.jpg


Analysis By TradersLog.com
 
Thanks, mate! :D :)cgrock
 

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