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NZDUSD Breaks Up And Out From Recent Trading Range

The Kiwi/Dollar has been strong recently and today it broke and closed above key resistance near 0.8475. The market had previously been contained under that 0.8475 resistance for some time so today's breakout is significant. Given the fresh bullish momentum in this market, traders can watch for price action trading buy signals on a rotation back to support to trade in-line with the renewed uptrend in this market. The dynamic support layer between the 8 / 21 day EMAs will be a good support area to watch for buy signals.