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July 24, 2012

NZD/USD cracks range support

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The 4H NZD/USD chart shows a market with bearish developments. The market failed to return to the middle of the range, holding below the 0.7920 pivot as well as the 200SMA in the 4H chart. The RSI also dipped below 30, then resurfaced only to tag 30 again. Risk aversion during the 7/24 US session... FF News: Technical

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