Forex: NZD/USD Technical Analysis – Kiwi Probes Beyond 0.82
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- Prices rose as expected after forming a Bullish Engulfing at support set from Nov 2011
- A daily close above resistance at 0.8179 (50% Fib) exposes 0.8296 (61.8% Fib) next
- Support is in the 0.8062-96 area (triple top, 38.2% Fib), followed by 0.7917 (23.6% Fib)
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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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