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Lambert: Kiwi gives sell signal
Clive Lambert is looking to sell NZD against the USD after “Double Top” sell signal.
Clive has spotted what he calls a major sell signal, also known as a Double Top sell signal, in the longer term time frame charts. NZDUSD has broken a support level at 7370 as well as broken Fibonacci support at 7340.
Clive is looking to sell below 7340 with a stop above 7400. His targets are at 7120 and 6900. Clive says this is a medium term trade with a time frame of 2-4 weeks.
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