Forex: NZD/USD Technical Analysis – Holding at Familiar Support
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- Prices are testing support at 0.8214 (38.2% Fib) afterclearing a channel set from late Sep
- Pushing further downward eyes the 0.8096-0.8113 area (Jun-Aug range top, 50% Fib)
- Reversing above 0.8340-44 (channel bottom, 23.6% Fib) exposes 0.8435 (Sep 19 high)
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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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