InstaForex - Analytics


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    NZD/USD Trading Recommendations for 23rd June 2016


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    We can see a wedge reversal in place, but we will not take a trade unless the price breaks the 0.7155 level. If the price breaks the 0.7155 level, it would correspond with a strong break of the RSI (21) ascending support level and from there, we can see a strong correction down to 0.7100.

    Trading recommendations:

    Sell limit at 0.7155

    Stop loss at 0.7215

    Take profit at 0.7100

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