NZD/USD Price Analysis: Bulls eye a move to the 38.2% Fibo and beyond – by fx_ross NZDUSD Technical Analysis
ibonacci level ahead of a 50% retracement thereafter. This is a level that meets the bounce halfway through the sell-off where the 78.6% Fibonacci meets where prices were agreed, so this would be expected to act as the firmest of the resistances. , the bird did indeed rally but ran into critical resistance and subsequently has fallen in the wake of a fresh bid in the US dollar.
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