NZD/USD Technical Analysis – Prices broke higher as expected, clearing resistance the 23.6% Fibonacci expansion(0.7917) to expose the 38.2% mark at 0.8061. Alternatively, a reversal back below 0.7917 eyes channel resistance-turned-support at 0.7769.
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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