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Forex: NZD/USD Technical Analysis – November Bottom in Sight

Forex: NZD/USD Technical Analysis – November Bottom in Sight

2013-12-30 04:37:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • A break below 0.8158 (38.2% Fib exp.) has exposed 0.8104 (50% Fib exp.)
  • Pushing further beneath that targets 0.8050 (61.8% Fib exp.)
  • Turning back above 0.8158 eyes 0.8225 (23.6% Fib exp., falling channel top)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – November Bottom in Sight

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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