Monday, June 3, 2013

NZDUSD Price Action: Outside Bar Trade Setup. June 3, 2013

 In my last commentary on the Kiwi, I discussed the potential bullishness of the pair. Though price eventually pierced Support, it quickly was rejected in today's trading, leaving an Outside Bar Trade Setup in its wake. With this scenario, the pair now looks set to target higher prices in the coming days. though minor retracements into or just before Key Support is expected.

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