NZD/USD Technical Analysis– Prices are testing below support at 0.8391, the 61.8% Fibonacci retracement, with a break below that targeting the 50% level at 0.8347. Near-term resistance is at 0.8445, the 76.4% retracement. A reversal above that eyes the February 15 high at 0.8533.
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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