NZD/USD Technical Analysis 03.11.2013
NZD/USD Technical Analysis– Prices broke below support at 0.8218, the 38.2% Fibonacci expansion. Sellers now aim to challenge the 50% level at 0.8179, with a break below that exposing the 61.8% Fib at 0.8138. The 0.8218 level has been recast as resistance. A move back above that aims for trend line support-turned-resistance at 0.8261.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.