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November 20, 2012

NZD/USD pulls back to 0.82 resistance pivot

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Failed Break: The NZD/USD has cracked below the October-low as well as a rising trendline that went back to the July low at 78.05. Since tagging 0.8050 last Friday (11/16), it has been in a bullish correction. Note the bullish divergence. This rally can be seen as a failed breakout attempt to the... FF News: Technical

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