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NZD/USD Technical Analysis: Trend Line Support at Risk

NZD/USD Technical Analysis: Trend Line Support at Risk

Ilya Spivak, Head Strategist, APAC

NZD/USD Technical Analysis – Prices are testing below rising trend line support set from early July to take aim at the 23.6% Fibonacci expansion at 0.7871. A break below this barrier exposes the 38.2% levelat 0.7726. Near-term resistance is at 0.8106, the July 25 swing high.

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_nzd-usd_body_Picture_10.png, NZD/USD Technical Analysis: Trend Line Support at Risk

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

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