NZDUSD – Approaching Supply (Resistance)


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– NZDUSD approach a supply zone (resistance) on the daily chart.
– The level also confluence with the 78.6% Fib Retracement of the down move from 8/1/2011 to 11/25/2011.
– Would look to short as price reaches the level – possibly by looking for opportunities on lower timeframes.
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This entry was posted in Fibonacci, Forex, Misc. Setups, NZDUSD, Support (Demand) - Resistance (Supply). Bookmark the permalink.

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