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NZD/USD Off highs but bullish sentiment continues

Wednesday, February 18, 2015 10:15 AM UTC

Charts bullish despite overbought levels being tested.
Closed above broken 50% fibo of 0.7890/0.7177 Jan/Feb decline at 0.7534
Pair holds above this morning in London favoring more gains
Trend looks ready to extend to the 61.8% Fibo of the same move at 0.7618
Below 10 DMA/tenkan at 0.7436/39 re-evaluates

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NZD/USD Off highs but bullish sentiment continues

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