NZD/USD Technical Analysis 05.10.2013

DailyFX

NZD/USD Technical Analysis– Prices are testing below resistance at 0.8387, the 23.6% Fibonacci retracement. A confirmed break on a daily close basis targets the 38.2% level at 0.8209. Near-term resistance is at 0.8530, a falling trend line set from the April 11 high.

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Forex_NZDUSD_Technical_Analysis_05.10.2013_body_Picture_5.png, NZD/USD Technical Analysis 05.10.2013

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

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