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Thursday, January 2, 2014

NZD/USD - b wave triangle has likely finished. Look for downside pressure

NZD/USD:

Has been locked inside a triangle consolidation for the last couple of weeks, but red wave e has or is very close to finish and once it's over we should see a powerful decline in wave c of red wave D lower towards 0.78.

Short term a break below 0.8143 to confirm, that red wave e is over and wave c of red wave D is developing.

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