NZD/USD Technical Analysis 04.24.2013

DailyFX

NZD/USD Technical Analysis– Prices are bouncing from support at 0.8387, the 23.6% Fibonacci retracement to target the 14.6% level at 0.8497. A break above that aims for Fib expansion barriers at 0.8556 and 0.8617. Alternatively, a turn below 0.8387 aims for the 38.2% mark at 0.8209.

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Forex_NZDUSD_Technical_Analysis_04.24.2013_body_Picture_1.png, NZD/USD Technical Analysis 04.24.2013

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

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