NZD/USD analysis of the week (4h candlesticks)

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0.7090 is now back as resistance and a sell signal has been given. A strong bearish movement followed and then, 0.7013 has been broken, giving a new sell signal. We will now advise to trade only short positions as far as the parity is moving into its bearish channel. The next support is at 0.69 and the break out of this level will give a new sell signal.

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