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July 17, 2012

NZD/USD fails to break down wedge; 0.80 resistance back in focus

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The NZD/USD found resistance around 0.80 during the 7/16 and 7/17 session. Price fell to 0.7928 during Bernanke's testimony to the US senate. This temporarily broke below a rising wedge pattern, but failed to break the pivot around 0.7925. Then price quickly reverted back to the levels before the... FF News: Technical

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