NZD/USD Technical Analysis– Prices are testing resistance at 0.8544, the 61.8% Fibonacci expansion, with a break below that targeting the 76.4% level at 0.8634. Near-term support is at 0.8471, the 50% Fib. A drop below that eyes the 38.2% expansion at 0.8398.
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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