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NZD/USD Technical Analysis 04.23.2013

NZD/USD Technical Analysis 04.23.2013

2013-04-23 10:49:00
Ilya Spivak, Head Strategist, APAC
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NZD/USD Technical Analysis– Prices broke downward after putting in a bearish Dark Cloud Cover candlestick pattern. Support is at 0.8387, the 23.6% Fibonacci retracement, with a break below that exposing the 38.2% level at 0.8209. Near-term resistance is at 0.8497, the 14.6% Fib.

Forex_NZDUSD_Technical_Analysis_04.23.2013_body_Picture_5.png, NZD/USD Technical Analysis 04.23.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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--- 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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