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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 a major support!

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Price is in a downtrend where it is expected that it will continue falling to approach its major support at 0.6467.

Entry : 0.6585

Why it's good : horizontal swing high resistance, 38.2% Fibonacci retracement

Stop Loss : 0.6689

Why it's good : 61.8% Fibonacci extension, 61.8% Fibonacci retracement

Take Profit : 0.6467

Why it's good : 61.8% Fibonacci extension

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