Forex: NZD/USD Technical Analysis – Rejected at Channel Top
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- Prices are falling after showing a Bearish Engulfing candle pattern at channel resistance
- Closing below 0.8225 (23.6% Fib exp.) exposes 0.8158 (38.2% Fib exp.)
- Falling channel resistance is now at 0.8294
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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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