Wednesday, March 2, 2011

Chart in Focus



NZDUSD (D1/H4) - The pair currency made a run at the key resistance near 0.7550 after yesterday's close. We should keep a close eye on the dynamic resistance area between the 8 and 21 EMAs in the next few days for potential selling opportunities. A solid price action setup on the daily or 4hr chart within this resistance area would be reason to consider a short.

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