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Tuesday, September 02, 2008

Triple bottom

The NZDUSD is potentially making a triple bottom with today re-testing the previous support at the figure 0.6800 and bouncing back up. Trade this according to your trade plan as you could be aggressive or conservative. I will probably open a more aggressive position tomorrow as today the NZDUSD has already moved approx 75% of its daily range and my stop will be below the support.













NZDUSD forex chart from Advanced Get

Good trading

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