Forex Strategy: NZD/USD Carving Out a Top?
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- NZD/USD Technical Strategy: Flat, waiting for actionable trade setup
- A Bearish Engulfing candle pattern hints at a downturn from channel resistance
- Breaking support at 8214 (38.2% Fib ret.) exposes 0.8112 (50% Fib ret.)
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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