Forex: NZD/USD Technical Analysis – Drop Cut Short Above 0.82
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- Prices pulled back as expected after showing a Spinning Top candlestick
- A recovery is being attempted, with buyers seeing initial resistance at 0.8385 (23.6% Fib)
- Near-term support is at 0.8216, the September 25 low
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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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