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September 24, 2012

NZD/USD Backs Off Old Consolidation Resistance

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Following up with the previous update, NZD/USD followed a 3-wave bearish correction with a strong bullish continuation swing that has broken a key declining trendline going back to 2011, as seen in the daily chart. This exposes the 0.8470 resistance pivot and 2012-high. However, before we get there,... FF News: Technical

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