Mar 21, 2014
NZD/USD chart: confluence at 0.85 works out for buyers
NZD/USD saw solid bids coming from confluent zone .85, where an ascending trendline deriving from Feb 4 low converged with horizontal support and a round number. In order to provide further clarity for USD bulls, the trendline should be first cleared, in which case, a potential target of .8440 could be seen.
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