NZD/USD Support Turned Resistance
It looks like Kiwi bears needed to pull up for some air after that sharp dive last week! NZD/USD might retrace to the 38.2% Fib, which is in line with a former support level just below the .7950 handle. Stochastic already reached the overbought area but haven't crossed yet, so there might be room for this pair to climb.
Do you think any of the Fibs will hold? Or will the pair just keep rallying?
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