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NZD Slides Following Disappointing Employment Data

Money Mind - Forex

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Old 03-05-2012, 09:01 PM
bluetooth bluetooth is offline
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Default NZD Slides Following Disappointing Employment Data

The NZD/USD broke below 0.8050 which was recent range support. This was coincident with a break below the 200-day simple moving average, a sign the market is turning bearish. The daily RSI reading is cracking 40. Clearing below 40 is a sign that the bullish momentum from the bull run

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