Forex Strategy: NZD/USD Testing Key Support
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- NZD/USD Technical Strategy: Pending short, waiting for attractive risk/reward
- Prices turned lower as expected after putting in a Bearish Engulfing candle pattern
- Closing below support at 8113 (50% Fib ret.) exposes 0.8011 (61.8% Fib ret.)
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Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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