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Slumdog Forex - Daily Forex Analysis

NZD/USD Bullish Divergence - September 6, 2012


NZD/USD is now at the 38.2% FIBO, yesterday's candle closed as a spinning top, and Stochastic indicates a bullish divergence. (It's making lower lows while price is making higher lows.) Don't get too excited buying the pair though! Who knows, there may still be enough bears in the market to push NZD/USD down to 0.77.


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