By ForexMansion.com

 

The NZD/USD formed a doji today, and looks like exhaustion may be setting in. With the recent surge upward, this is going to be very healthy to be honest. The pair still looks strong, and will certainly find at least some amount of support at the 0.75 level, and could pick up more traders there. A break below the doji today sends the market down to that area to look for more bulls. A break of the high today sends us back on track to race towards the 0.78 level.

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Originally posted here