News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
NZD/USD Technical Analysis: Resistance at 0.81 Eyed

NZD/USD Technical Analysis: Resistance at 0.81 Eyed

Ilya Spivak, Head Strategist, APAC

NZD/USD Technical Analysis– Prices found support at a trend line set from August 2010 (now at 0.7753) and rebounded as expected. The bulls have now cleared falling channel resistance to expose the 38.2% Fibonacci retracement at 0.8109, with a push above that eyeing the 0.8181-0.8217 area. Channel resistance-turned-support is now at 0.7960.

dailyclassics_nzd-usd_body_Picture_10.png, NZD/USD Technical Analysis: Resistance at 0.81 Eyed

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