NZD/USD Technical Analysis 06.04.2013
NZD/USD Technical Analysis– Prices put in a Bullish Engulfing candlestick pattern above major support at a rising trend line set from June 2009, hinting a move higher is ahead. Initial resistance is at 0.8112, the 23.6% Fibonacci retracement. A break above that targets the 38.2% level at 0.8219. Trend line support is now at 0.7893
Daily Chart - Created Using FXCM Marketscope 2.0
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