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SHORT NZD/USD @0.7920
Written by article default Thursday, 04 November 2010 10:43
The trade today is purely based off of parabolic intraday moves and severely overbought hourly studies that have produced an RSI by 85. At this point, we are only looking for a short-term pullback, and then will look to mitigate risk given the strength of the broader uptrend. Stops are in palce above the critical psychological barriers.Click here to learn more about DailyFX.