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