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Thursday, May 21, 2009

NZDUSD

Dear Dynamic Traders,

The NZDUSD chart below shows price at a decision point. The recent stance is faced with potential resistance levels along the way. The trend has been bullish recently and therefore the continuation thought process would not be incorrect. However, MACD is diverging on numerous time frames and a pullback should not be a surprise to the smart money trader either.















Good Trading!
Bijal Shah

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