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Nial Fuller
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Nial Fuller is an Australian, Independant Forex and Futures Traders who has mastered the art of 'Price Action Trading' and applies his simplistic methods to the Forex Market and Stock Index Futures. A career spanning nearly a decade, his strong passion for Financial Markets has fueld a... More
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  • NZDUSD Hits Support, Looking For Sell Signal From Resistance 0 comments
    May 15, 2013 7:36 PM

    The Kiwi/dollar has sold off pretty significantly recently, however today we can see the market did bounce modestly higher as it found support at the key chart level near 0.8170. Overall, we are bearish on this market right now, but we could see a retrace back to value before this market moves lower again. We can watch for price action sell signals forming up near 0.8380 resistance which is also the 50% retrace of this last major down move, this way we are trading trade back in-line with the recent bearish momentum in this market from a confluent level.


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