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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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NZD/USD approaching major support where we expect to see a bounce!

Entry : 0.6584

Why it's good : horizontal swing low support, long term 76.4% fibonacci retracement, long & short term 100% fibonacci extension

Stop Loss : 0.6506

Why it's good : horizontal swing high resistance

Take Profit : 0.6671

Why it's good : horizontal pullback resistance, 23.6% fibonacci retracement

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The material has been provided by InstaForex Company - www.instaforex.com