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NZDUSD: Sellers Threaten Bull Trend
Written by article default Monday, 17 January 2011 06:45
Strategy: Pending Short
The NZDUSD weekly chart reveals a bearish Harami candlestick pattern above key support at a rising trend line set from the swing low set from March 2009, hinting a major downward reversal may be brewing. We will look for confirmation on a break below the trend line (now at 0.7475) to look for selling opportunities.
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