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Sep 21

TECHNICAL ANALYSIS BY NSFX 21.09.2015

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High:  Low: 

The NZDUSD pair movement will be continued directly from the resistance level of 0.6435 on the H1 chart. Therefore, the NZDUSD pair is showing signs of weakness, following the break of level of 0.6435, for that it will be a good sign to sell below the level of 0.6435 in the short term with the first target of 0.6415 in order to test and further to 0.6290 to form the double bottom, then this price will act as strong support. However, in case if a reversal takes place and the NZDUSD pair breaks through the minor resistance level of 0.6400, the market will increase further to 0.6415 for indicating bullish market.

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