Kiwi Testing Range Resistance, Searching for Wings:
NZDUSD saw a big boost following the FOMC rate decision mid week and bears found no respite Thursday. Pair is currently testing range resistance which has capped gains for over 5 months.
Initial resistance is the range top at .6868, a break above there would target the 50% retracement at .6958. Initial support is the 38.2 Fib at .6763, with a break below there targeting the range bottom at 6565.
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Oscar Goullet – @FXtechs
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