NZD/USD Morning Technical Report 15/1/2014
ecPulse
2014-01-15 08:57AM UTC
NZDUSD hit 0.8410 major horizontal resistance, before retreating towards 0.8330 support level. The price formed a bearish long legged spinning top candle, with a major upper shadow, and thus we may see further downside pressures today. A break below 0.8330 intraday support should confirm this scenario.
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