NZD/USD Technical Analysis– Prices broke downward after putting in a bearish Dark Cloud Cover candlestick pattern. Support is at 0.8387, the 23.6% Fibonacci retracement, with a break below that exposing the 38.2% level at 0.8209. Near-term resistance is at 0.8497, the 14.6% Fib. A reversal above that eyes trend line support-turned-resistance at 0.8546.

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

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