False breakout followed by a strong sell

Short

New Zealand Dollar / U.S. Dollar (FOREXCOM:NZDUSD)

FOREXCOM:NZDUSD New Zealand Dollar / U.S. Dollar

We have a falling channel where price has bounced between for some time. I'm looking to see price close below the upper trend-line to enter a sell position. Also a divergence has formed on the Stoch. Target 1_0.64500, Target 2_0.62500. My targets are based on strong support levels and strong psychological support levels.

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