NZD/USD Weekly Technical Report 3-7/2/2014

ecPulse
2014-02-03 08:15AM UTC

NZDUSD moved sharply lower on Friday, breaking the 50-percent Fibonacci retracement level for the whole bullish wave, and 0.8120 support, in addition to the 200-days SMA. Accordingly, further downside is likely now targeting the 61.8 retracement level at 0.8010.

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