NZDUSD Tests Fibonacci Resistance

Published March 19th, 2009 - 10:27 GMT
Al Bawaba
Al Bawaba

The NZDUSD has traded through the 61.8% retracement of the decline from .6090.  This level could serve as resistance and even a push above faces the December low at .5655 as resisatnce.  Still, only a drop below .5468 would begin to suggest that a top is in place.