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NZDUSD is firmer today and is............>

KIWI TECHS
KIWI TECHS: NZDUSD is firmer today and is extending the recovery off yesterday's
low. There are some interesting technical features worth noting:
- Yesterday's bounce is off the 38.2% retracement of the Nov 11 - Dec 31 rally
- In candle terms, yesterday's pattern is a doji and seen as a reliable pattern
when identifying the end of a correction.
- The underlying up-trend that started early October remains intact and thus the
two technical reversal signals mentioned above point to a potential resumption
of this uptrend.
- If correct, the market appears to be refocusing its attention on the Dec 31
high of 0.6756. Initial resistance is at 0.6680.
- Key support has been defined at 0.6584, yesterday's low.

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