NZD/USD Technical Analysis– Prices are pushing aggressively higher, probing above the 61.8% Fibonacci retracement at 0.8391 to challenge the 76.4% level at 0.8445. A break above the latter level targets the February 15 high at 0.8533. Near-term support is at 0.8347, the 50% Fib.
Daily Chart – Created Using FXCM Marketscope 2.0
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— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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