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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 broke past support, potential further drop!

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Price broke past its major support turned resistance where we expect to see a further drop to its 1st support.

Entry: 0.6597

Why it's good : major support turned resistance

Stop Loss : 0.6640

Why it's good : 23.6% Fibonacci retracement

Take Profit : 0.6516

Why it's good: 76.4% Fibonacci retracement, horizontal swing low support

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