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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 we remain bullish above its support!

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Price is testing its support at 0.6694 where it could potentially bounce to its resistance at 0.6732..

Entry: 0.6694

Why it's good : horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 0.6668

Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension

Take Profit : 0.6732

Why it's good: Horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension

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