Foreign Exchange Ideas On Watch

NZD/USD (CME)

The daily closing price chart provides a clearer picture of the possible inverted H&S bottom than does the daily bar or candlestick chart. I am interested in the long side of NZD.

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Brazilian Real (CME)

The Real is poised for a major downside breakout. I am interested in a trade in the futures contract if a clean breakout occurs.

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