Forex: NZD/USD Technical Analysis – Topping Setup Almost Done?
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- Prices declined as expected after showing a Shooting Star candlestick
- Breaking below0.8214 (38.2% Fib ret.) confirms a Head & Shoulders top
- Above resistance at 0.8346 (trend line) targets 0.8435 (Sep 19 swing 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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