NZD-USD Signals, June 23, 2011

By: Fadi Steitie

NZD/USD has completed major wave V. It broke the channel on a corrective
wave ABC. On that pull back wave B 0.618 Fib level with a tower down
wave V followed by Inverted Hammer of corrective wave B, expect a drop
toward 0.79350 target. Short the pair with a stop-loss at 0.82280
just above wave B.

NZD-USD Analysis, June 23, 2011

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