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NZDUSD Classic Technical Report 09.19.2012

NZDUSD Classic Technical Report 09.19.2012

2012-09-19 05:36:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices are bouncing from 23.6% Fibonacci retracement support at 0.8249. Initial resistance lines up at the top of a rising channel set from late May, now at 0.8394. Alternatively, a break below support initially exposes the 38.2% Fib at 0.8185.

NZDUSD_Classic_Technical_Report_09.19.2012_body_Picture_5.png, NZDUSD Classic Technical Report 09.19.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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