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NZDCHF: Break-pullback-continuation-Formation-Twist.

 

 

 

The NZDCHF broke the resistance trend. During the breakout, the resistance-turned-support and the pullback continuation formation, trying to justify its strength by targeting the 0.6440, the 0.6460 and the 0.6500 are consecutive resistances.

However, the 0.6525 horizontal resistance could restrict the pair’s upside past 0.6500, if not then the 0.6560, the 0.6600 and the 0.6615 might comeback as quotes.

Negatively, if the pair dip beneath the 0.6385 towards the support, the technical pattern gets negated and may drag the price range to the 0.6370 and the 0.6340 can highlight the quotes.

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21 Sep 2018 12:31 pm Posted by tamilforex

 
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