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NZD USD retests the flag 07/03/2013
The pair’s trading bounced lower after approaching from the waited target yesterday at 0.8390, where the price is retesting now the previously breached continuous flag’s resistance, which turns now into support at 0.8245
Now we prefer staying aside waiting for clearer confirmation signal for the trend, where we get these signals by breaking 0.8245 to the downside or breaching 0.8295 to the upside.
Expected trading range for today is between: 0.8190 support and 0.8390 resistance.
Expected trend for today: Neutral
Thanks for your feedback.
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