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Slumdog Forex - Daily Forex Analysis

NZD/USD South With Swingers - August 3, 2012

Swing traders could shovel this setup on NZD/USD's D1 chart. The pair appears to be stalling underneath the .81 major mental handle at the instant as a couple of inversion candle holders shaped right on the backing-turned-safety level. On top of that, stochastic is making flatter highs while value made higher highs, which implies that there's moreover a bearish difference around there. In the event that NZD/USD begins heading south, it would be able to dip to the nearby back level around the .79 handle. Assuming that it breaks to the upside however, the following immunity level is spotted close .83.

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