Forex: NZD/USD Technical Analysis – Top in Place Above 0.85?
To receive Ilya's analysis directly via email, please SIGN UP HERE
- An Evening Star candle pattern, negative RSI divergence hint at a pullback ahead
- Near-term support is at 0.8406 (14.6% Fib); below that targets 0.8334 (23.6% Fib)
- Initial resistance is at 0.8524 (October 17 high)
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.