NZD/USD Technical Analysis – Prices recoiled from triple top resistance at 0.8096 to retest below falling trend line set from early April. This barrier is reinforced by the 23.6% Fibonacci expansion at 0.7928. A break beneath this barrier initially exposes the 38.2% level at 0.7783.

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Daily Chart - Created Using FXCM Marketscope 2.0

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

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