NZDUSD strong in the bearish bias below 0.7865 critical level
By
Felipe Erazo
PUBLISHED:
03 Nov 2014 @ 09:32
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The MACD indicator remains in negative territory.
The NZDUSD met with strong resistance at the 0.7865 level, where it is pair has formed two fractals.
In the H1 chart, the NZDUSD is forming a bearish pattern for a breakout in the support level of 0.7786 and fall to the level of 0.7729. However, while this pair is still holding strong bearish bias in the NZDUSD could make this area one rebound and go back up where is located the 200 SMA.
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