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Forex: Ichimoku Clouds. Review of NZD/USD on 19.03.2015

Let’s look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged above the cloud and stay horizontal, indicating sideways movement. Chinkou Span line is above the price chart; current cloud has reversed from descending to ascending. Kijun-sen is the closets support level (0.7410). One of the previous maximums of Chinkou Span line is expected to be a resistance level (0.7500).

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