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Forex: NZD/USD Technical Analysis – Topping Setup at Work

Ilya Spivak


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Talking Points


  • Prices pulled back as expected after showing a Shooting Star candlestick
  • Initial support is at 0.8293 (50% Fib); a break below that targets 0.8149 (38.2% Fib)
  • Resistance is at 0.8437 (61.8% Fib expansion)


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dailyclassics_nzd-usd_body_Picture_10.png, Forex: NZD/USD Technical Analysis – Topping Setup at Work

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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