Forex: NZD/USD Technical Analysis – Support Above 0.79 in Focus
NZD/USD Technical Analysis – Prices recoiled from triple top resistance at 0.8096 to retest below falling trend line set from early April. This barrier is reinforced by the 23.6% Fibonacci expansion at 0.7928. A break beneath this barrier initially exposes the 38.2% level at 0.7783.
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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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