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Forex Strategy: NZD/USD Selling Opportunity Ahead?

Forex Strategy: NZD/USD Selling Opportunity Ahead?

2013-10-25 13:04:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • NZD/USD Technical Strategy: Flat
  • A turn lower from channel support-turned-resistance as exposed support at 0.8309 (23.6% Fib)
  • Closing below support exposes 0.8164 (38.2% Fib); we will wait for confirmation to enter short

Confirm your chart-based trade setups with the Technical Analyzer.

Forex_Strategy_NZDUSD_Selling_Opportunity_Ahead_body_Picture_5.png, Forex Strategy: NZD/USD Selling Opportunity Ahead?

Weekly Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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