Forex: NZD/USD Technical Analysis – Selloff Gains Momentum


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Talking Points

  • Prices pulled back as expected after showing a Spinning Top candlestick
  • A close below initial support at 0.8266 (23.6% Fib) targets 0.8161 (38.2% Fib)
  • Near-term resistance is at 0.8435, the September 19 swing high

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dailyclassics_nzd-usd_body_Picture_10.png, Forex: NZD/USD Technical Analysis – Selloff Gains Momentum

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

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