Forex: NZD/USD Technical Analysis – Top in Place Above 0.85?

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Talking Points

  • An Evening Star candle pattern, negative RSI divergence hint at a pullback ahead
  • Near-term support is at 0.8406 (14.6% Fib); below that targets 0.8334 (23.6% Fib)
  • Initial resistance is at 0.8524 (October 17 high)

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dailyclassics_nzd-usd_body_Picture_12.png, Forex: NZD/USD Technical Analysis – Top in Place Above 0.85?

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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