Forex: NZD/USD Technical Analysis – Support Tested Sub-0.78
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NZD/USD Technical Analysis
- Prices are testing support in the 0.7758-83 area (rising trend line, 38.2% Fib expansion)
- A break lower on a daily closing basis initially exposes the 50% level at 0.7666
- Return above 0.7928 (23.6% Fib) exposes the 0.80 figure, triple top resistance at 0.8096
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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