NZD/USD has broken through a resistance line. It has touched this line at least twice in the last 19 days. This breakout may indicate a potential move to 0.6230 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
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Could a large bearish move on USDCAD be a sign of things to come?
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