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Nikkei 225 has broken through support of a Rising Wedge. It has touched this line at least twice in the last 2 days.

Rising Wedge pattern identified on Nikkei 225 has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 37071.3410 in the next 5.

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Supports and resistances are primary concepts of technical analysis. NZDUSD is heading for an important price of 0.5861 – read about what this could mean for the future.

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