KN_FXtrader

NZD/USD Technical Analysis

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The price reached recently the lowest level from 2011. Buyers seems to be back in the battle. I believe that there could be a bullish breakout of the strong resistance area of 0.7629/0.7608. In that case, my target is the o.0764 fib extension level. Otherwise we might see a pullback to the area of 0.7464 before bulls return.

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