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The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
NZD/USD: 'Triple Top' pattern
Information is not investment advice
We've got a 'Triple Top' pattern, which led to the current decline. Also, there's a 'V-Top', so the market is likely going to continue declining. The main bearish target is the next support at 0.6587 - 0.6572. The subsequent pullback from this level could be a starting point for a larger upward correction.
Sergey Logachev
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