NZD/USD Technical Analysis 04.09.2013
NZD/USD Technical Analysis– Prices are testing resistance at 0.8471, the 50% Fibonacci expansion, with a break below that targeting the 61.8% level at 0.8544. Near-term support is at 0.8398, the 38.2% Fib. A drop below that eyes the 23.6% expansion at 0.8307.
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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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