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NZD/USD has broken through resistance of a Channel Down. It has touched this line at least twice in the last 12 days.

NZD/USD has broken through a resistance line. It has touched this line at least twice in the last 12 days. This breakout may indicate a potential move to 0.6248 within the next 15 hours. 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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