NZD/USD Morning Technical Report 16/1/2014
ecPulse
2014-01-16 08:07AM UTC
After being rejected at 0.8415 resistance level, the pair moved lower, breaking below 0.8330 support area, and that hints further downside is likely in the near term. Stability below 0.8330 clears the way towards a retest of the area around the 50-days SMA at 0.8240.
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