Forex: NZD/USD Technical Analysis – Struggling to Advance
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- Prices put in a Bullish Engulfing candlestick, hinting at a bounce ahead
- Initial resistance is at 0.8320 (14.6% Fib); a break above that eyes 0.8384 (23.6% Fib)
- Near-term support is at 0.8216, the September 25 low
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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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