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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 approaching resistance, potential reversal!

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Price is approaching its resistance at 0.6674 where a reversal to its support is expected.

Entry : 0.6674

Why it's good :100% Fibonacci extension, horizontal swing high resistance

Take Profit : 0.6625

Why it's good : 23.6% & 38.2% Fibonacci retracement, horizontal pullback support

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