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Forex: NZD/USD Technical Analysis – Treading Water Sub-0.85

Forex: NZD/USD Technical Analysis – Treading Water Sub-0.85

2013-10-07 08:22:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices are treading water below resistance at 0.8435, the September 19 swing high
  • Near-term support is at 0.8200 (23.6% Fibonacci expansion)
  • Break downward targets the 0.8055-96 area (Jun-Aug range top, 38.2% Fib)

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

dailyclassics_nzd-usd_body_Picture_10.png, Forex: NZD/USD Technical Analysis – Treading Water Sub-0.85

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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