Jamie's Pick: 05/26/11
The NZDUSD has tested the 8120 high but there is evidence that a break to even higher prices is around the corner. I favor the upside against 7858 (this week’s low) towards the 2008 high (8215). Watch parallel channel resistance (above) as well. There are Fibonacci measurements at 8377 and 8761 (intersects with channel at end of June). 8050, 8015, and 7985 are short term supports.
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