We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
NZD/USD Technical Analysis 02.19.2013

NZD/USD Technical Analysis 02.19.2013

2013-02-19 11:15:00
Ilya Spivak, Head Strategist, APAC
Share:

NZD/USD Technical Analysis- Prices put in a Bearish Engulfing candlestick pattern below resistance at the top of a Rising Wedge chart pattern, hinting a move lower is ahead. Initial support is in the 0.8315-55 area, with a break lower targeting swing lows at 0.8155 and 0.8052. Wedge resistance is now at 0.8538.

Forex_NZDUSD_Technical_Analysis_02.19.2013_body_Picture_5.png, NZD/USD Technical Analysis 02.19.2013

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

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.