Forex: NZD/USD Technical Analysis – Topping Setup at Work
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- Prices pulled back as expected after showing a Shooting Star candlestick
- Initial support is at 0.8293 (50% Fib); a break below that targets 0.8149 (38.2% Fib)
- Resistance is at 0.8437 (61.8% Fib expansion)
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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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