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NZD/USD Trading Recommendations 27th July 2016

Turn bullish on NZD/USD above fractal support at 0.7015 for a rise to 0.7140 which is the 50% retracement of our entire move and also a fibonacci projection level. Our stop loss remains at 0.6920.

We can see that the RSI is on support, and this helps our bullish view for a bounce above 0.7015.

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Trading Recommendations:

Buy now and above 0.7015

Stop loss at 0.6920

Take profit at 0.7140

The material has been provided by InstaForex Company - www.instaforex.com