28th Aug - NZD/USD Breaking Supports
28 August 2014
WEEKLY CHART:
Resistance has come from around the area of the 0.8840 2011 peak and channel top beyond.
DAILY CHART:
Key supports from the rising support line, 0.8400 04-Jun low and nearby 38.2% retracement have now been breached, providing a clear bear signal.
However, note temporary support could come from a channel base projection, just under 0.8300 currently. Rallies from here should be a sell.
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