Forex: NZD/USD Technical Analysis – Trend Line Resistance Holds
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- A Shooting Star candle at falling trend line resistance hints a move lower is ahead
- Support is at0.8214 (38.2% Fib ret.); a close below that confirms a Head & Shoulders top
- Breaking above the trend line (0.8326) aims to for the 0.8382-0.8435area (Sep 18-19 highs)
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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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