NZD/USD Technical Analysis 05.13.2013
NZD/USD Technical Analysis– Prices are testing support at 0.8270, the 100% Fibonacci expansion. A break below that targets the 123.6% level at 0.8195. Near-term resistance is at 0.8344, the 76.4% Fib, with a reversal above that initially eyeing the 61.8% expansion at 0.8390.
Daily Chart - Created Using FXCM Marketscope 2.0
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