Wednesday, October 10, 2012

NZDUSD has formed falling wedge pattern


NZDUSD has formed falling wedge pattern and triangle pattern
Pair finds Support zone between Fibonacci level 38.2% and level 50% As shown in chart below 
If pair manage to break trendline@ 0.82 coming from 2nd Oct,2012 ' high then it opens target towards 0.85
Alternate view 
If pair breaks Strong Support level 0.8140 then pair may test support @0.800

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