NZD/USD Technical Analysis– Prices broke resistance at 0.8611, the 61.8% Fibonacci expansion, exposing the 76.4% level at 0.8717. The 0.8611 mark has been recast as near-term support, with a reversal back beneath that targeting the 50% mark at 0.8525.
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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