NZD/USD Technical Analysis: Support Now Above 0.77
NZD/USD Technical Analysis – Prices broke below support at 0.7810, the 23.6% Fibonacci expansion, with sellers now testing the 38.2% level at 0.7726. A break below this targets the 50% Fib at 0.7609. Alternatively, a move back above 0.7810 eyes the 0.80 figure.
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- 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.