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There is a possibility of a big movement on 3m Co. after a breach of the resistance

3m Co. has broken through a resistance line of a Triangle and suggests a possible movement to 155.18 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 17 days.

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We expect a 15 pip movement on NZDUSD within 12 hours following the event release.

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