New Zealand Dollar Reaches Initial Resistance
480 Minute Bars
Prepared by Jamie Saettele
The NZDUSD sliced through its corrective channel and 100% extension at 7193 last week before rebounding sharply. I do maintain that the larger trend is down but a sharp correction could reach as high former support at 7505. Initial resistance has been reached at 7427. 7360 is short term support.
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