Forex: NZD/USD Technical Analysis – 2-Year Support Holds Up
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- Recovery launched at support marked by a rising trend line set from November 2011 (0.7719)
- Breaking above 0.7917 (23.6% Fib) exposes the 0.8062-96 area (38.2% Fib, triple top)
- Reversal below 0.7719 initially exposes the June 24 swing low at 0.7682
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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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