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Forex: NZD/USD Technical Analysis – Push Higher Losing Steam?

Forex: NZD/USD Technical Analysis – Push Higher Losing Steam?

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices broke resistance at 0.8465 (38.2% Fib), exposing 0.8549 (50% Fib)
  • Negative RSI divergence warns of fading bullish momentum
  • Daily close back below 0.8465 aims for 0.8360 (23.6% Fib)

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

dailyclassics_nzd-usd_body_Picture_12.png, Forex: NZD/USD Technical Analysis – Push Higher Losing Steam?

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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