EUR/NZD
After breaking below a support at 1.6060 (short-term support trend line) two weeks ago, the EUR/NZD has extended its downtrend and has validated the bearish scenario after the break below 1.5820 (April 2012 low pivot) yesterday. This signals a continuation of the downtrend towards 1.5590 (February 2012 low pivot). The initial resistance is located at 1.5905. (Short : Stop @ 1.5915 ; Target @ 1.5600)
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NATIXIS