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A quick move expected on NZD/USD as it starts approaching a support line of a Falling Wedge

NZD/USD is heading towards the support line of a Falling Wedge and could reach this point within the next 6 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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JPN225 has broken through resistance of a Channel Down. It has touched this line at least twice in the last 8 days.

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GBP/CAD Target Level: 1.6554

GBP/CAD Target Level: 1.6554

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