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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 is approaching a nice pullback resistance, potential reversal to occur!

Price is approaching a key resistance at 0.6719 where it could potentially reverse to its support.

Entry : 0.6719

Why it's good : horizontal pullback support, 38.2% fibonacci retracement, 61.8% fibonacci extension

Stop Loss : 0.67772

Why it's good : 50% Fibonacci retracement

Take Profit : 0.6639

Why it's good : 61.8% fibonacci retracement

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