Forex: NZD/USD Technical Analysis – Neckline Support in Focus
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- A break of the 0.8192-0.8214 area (23.6% Fib, Oct 2 low) confirms a Head and Shoulders top
- Clearingresistance in the 0.8382-0.8435area (Sep 18-19 highs) exposes 0.8543 (Oct 22 high)
- A close below 0.8192 initially exposes 0.8112 (38.2% Fib)
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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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