to trade and code, keep both simple... no call to impress....h
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NZD/USD – Surprise RBNZ Rate Decision Triggers Huge Short-Covering Rally
The main trend is down according to the daily swing chart. A trade through .6466 will change the main trend to up. A move through .6322 will signal a resumption of the downtrend. The short-term range is .6204 to .6466. Its retracement zone at .6335 to .6304 provided support the last four days, stopping the selling at .6322 on November 8. The intermediate range is .6588 to .6204. Its retracement zone at .6396 to .6441 is the first target zone. It is currently being tested. Buyers are going to have to overcome the upper or Fibonacci level of this zone at .6441 in order to take a shot at the main top at .6466. The main ... (full story)