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NZD/USD Technical Analysis
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Prices are testing support in the 0.7758-83 area (rising trend line, 38.2% Fib expansion)
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A break lower on a daily closing basis initially exposes the 50% level at 0.7666
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Return above 0.7928 (23.6% Fib) exposes the 0.80 figure, triple top resistance at 0.8096
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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