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NZD/USD Technical Analysis 03.11.2013

NZD/USD Technical Analysis 03.11.2013

Ilya Spivak, Head Strategist, APAC

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.

Forex_NZDUSD_Technical_Analysis_03.11.2013_body_Picture_5.png, NZD/USD Technical Analysis 03.11.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

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