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Mar 22

TECHNICAL ANALYSIS BY NSFX 22.03.2015

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The rate is trading in a very interesting area because after it made a double bottom at 0.7179 the pair rose to test its long term supply line generated last June. It could not close above this level but it might try this week to make another breakout. Above this dynamic resistance the rate should test the 200SMA at 0.7873.  Below 0.7179 NzdUsd should drop to 0.70 and then to 0.66.

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