NZDUSD: Short Entry Sought Below 0.7517
Strategy: Pending Short
Prices are testing through key support at the intersection of a rising trend line set from the lows in early July 2010 (now at 0.7537) and a significant horizontal barrier at 0.7517 that has capped the downside since late December. Breaching both levels exposes the 0.74 figure, and we will look for a daily close below 0.7517 as confirmation to position for selling opportunities.
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