Technical analysis of NZD/USD for January 13, 2017
January 13, 2017 9:25 amVideo
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Overview:
Today, the first resistance level is seen at 0.7157 followed by 0.7194, while daily support 1 is seen at 0.7094 (61.8% Fibonacci retracement). According to the previous events, the NZD/USD pair is still moving between the levels of 0.7094 and 0.7194; so we expect a range of 100 pips. Furthermore, if the trend is able to break out through the first resistance level at 0.7157, we should see the pair climbing towards the second resistance of 0.7094.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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