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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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NZD/USD testing support, potential break out!

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Price is testing its support at 0.6652 where if broken, will confirm a further move down to its next support.

Entry: 0.6652

Why it's good : horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 0.6694

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.6636

Why it's good: 78.6% Fibonacci retracement, 100% Fibonacci extension

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