Thursday, January 19, 2012

Nzd/Usd

Gartley pattern formation on this pair.Kiwi dollar has been strong all along due to its high yield and has out performed all the other asset classes recently.However, today saw minimal movement but may begin a correction downwards towards 7900 after it is rejected by the 78.6% fib level and the 200 SMA.Lets keep an eye out for price action for this pair.Will enter short once price confirms a bearish formation for a few pips.

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