Forex: NZD/USD Technical Analysis – Treading Water Sub-0.85
To receive Ilya's analysis directly via email, please SIGN UP HERE
- 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.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? Watch this Video
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.