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March 20, 2012

NZDUSD 8060 is key to near term bull trend

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Similar to the AUDUSD, a 4th wave interpretation of the decline from 8470 is valid as long as price is above 8060. The combination of support from the Elliott channel / 38.2% retracement of the rally from 7460 and daily key reversal last Thursday is strong bullish evidence. The NZDUSD held its... FF News: Technical

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