NZDUSD: Buyers Struggle to Build Momentum
NZDUSD is once again testing above resistance at 0.8082-92 marked by a former range bottom and the 61.8% Fibonacci retracement. A confirmed break higher initially exposes 0.8262. The pair has failed several attempts to breach resistance over recent days however and we will stand aside until firm confirmation of a directional bias at this barrier is resolved.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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