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Slumdog Forex - Daily Forex Analysis

NZD/USD Double Top Formation - August 29, 2012


It's a double top formation in the NZD/USD, and it's as clean as they get. The neckline is at .805, which means that if price can close below this level, it could fall for another 150 pips (the height of the double top). But make sure you don't jump on a fake breakout. Wait for a clear breakout before make a short decision.


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