NZD/USD Technical Analysis – Prices are testing below support at 0.7871, the 23.6% Fibonacci expansion, with a break downward on a daily closing basis exposing the 38.2% level at 0.7726. Near-term rising trend line support-turned-resistance is at 0.8012.
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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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