NZD/USD Price Analysis: Bears lurking at a 38.2% Fibo retracement By ross_burland NZDUSD Technical Analysis
Bulls struggle at a 38.2% Fibo as markets consolidate. is testing a 38.2% Fibonacci retracement level and the bears could be lurking here with a view to take the price down for a fresh low. However, the M-formation is menacing as it is a reversion pattern whereby the price would be expected to move in on the neckline for a restest of old support turned resistance:Information on these pages contains forward-looking statements that involve risks and uncertainties.
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