Disclaimer: Information contained herein is the opinion of the author and should not be used for personal trading strategies. Forex Trading is extremely challenging and often results in substantial losses. Good luck to all with their ventures into FX Trading!
Monday, October 24, 2011
NZDUSD 8HR 10.24.11
NZDUSD is approaching three key resistance areas on the 8hr chart. The down trend, the 61.8% retracement and the 200SMA. Failure to break the 61.8% retracement and 200SMA may result in pressure to the down side.
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