Currently we are at 0.8409 and have just stalled on the 0.382 Fibonacci level after printing a head and shoulders and then breaking out of the well-established up-trend. The target area is the former top @ 0.8355. The big target is the support cluster @ 0.8319. The average daily trading range (ATR) is 53pips.

NZDUSD-12-14-2012.jpg