NZDUSD INVERSE HEAD & SHOULDER

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Screenshot 2014-11-27 00.05.54

Inverse Head and shoulder may be forming on NZDUSD, We still have to wait for price action to confirm this. The only problem with going long on this pair will be the strong downtrend and the RBNZ wanting the rate to fall further. In any case if we do go long it will only be until the neckline as we expect that to hold as resistance.

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