NZD/USD Technical Analysis 04.08.2013
NZD/USD Technical Analysis– Prices are testing above resistance at 0.8445, the 76.4% Fibonacci retracement, with a break below that targeting the February 15 high at 0.8533. Near-term support is at 0.8391, the 61.8% level. A drop below that eyes the 50% retracement at 0.8347.
Daily Chart - Created Using FXCM Marketscope 2.0
Want to back-test your technical trading strategy? Download the historical data here.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. 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.