NZD/USD Technical Analysis– Prices are bouncing from support at 0.8390, the 61.8% Fibonacci expansion. Near-term resistance is at 0.8465, the 38.2% level, with a break above that targeting a falling trend line at 0.8538. A move below support eyes a rising trend line at 0.8362 and the 76.4% expansion at 0.8390.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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