NZD/USD Fibonacci levels holding

Tuesday, 14/02/2017 | 08:50 GMT

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Originally posted on stofs.com

NZD/USD is finding support at the 38.2% retracement of the December-February rally although another consolidation suggests we may be lining up for a break lower towards 0.7100.

EUR/GBP is moving lower with support likely to be found at the 50% retracement of the post-Brexit referendum rally around 0.8400, followed by 0.8200.

note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/nzdusd-fibonacci-levels-holding

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