NZD/USD Technical Analysis: Trend Line Support at Risk
NZD/USD Technical Analysis – Prices are testing below rising trend line support set from early July to take aim at the 23.6% Fibonacci expansion at 0.7871. A break below this barrier exposes the 38.2% levelat 0.7726. Near-term resistance is at 0.8106, the July 25 swing high.
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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