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NZDUSD to Confirm 230 Pip Reversal
I’ve been discussing the potential for a stronger NZDUSD since October. We’ve had several rallies since that time, but the pair was never able to breach the 0.6430/40 resistance area on a daily closing basis. That’s the region buyers needed to clear in order to send the NZDUSD higher. If you watched my November 19 NZDUSD video, you know that I was waiting for a bullish breakout. I also wrote about the pair’s bullish potential last Wednesday. So far today, the New Zealand dollar is well above that 0.6430/40 resistance area that has capped the pair since September. A daily close above it today could take NZDUSD ... (full story)