Thu, Oct 8 2009, 14:48 GMT
by Anthony Samaha
(08 October US) Latest Impact: NZDUSD topping!
NZDUSD: if the kiwi is becoming ‘heavily OB’ as illustrations show, then no further strength should be seen as of today’s close, allowing tomorrow’s closing as well. If those 2 closings are taken onto consideration, we will wait for a daily close below 7266, and initiate selling signals towards the end of October to mid November. This long term scenario would be on the exit side if a higher close above the mentioned dual closings takes place, an event of doubt.
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Published on Thu, Oct 8 2009, 14:50 GMT
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