Forex: NZD/USD Technical Analysis – Rally Stalls Below 0.85
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- Prices pulled back from channel support-turned resistance to test 0.8257 (23.6% Fib)
- Break lower initially exposes 0.8147 (38.2% Fib retracement)
- Resistance is now at 0.8435 (Sep high), followed by the channel bottom at 0.8449
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Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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