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Forex: NZD/USD Technical Analysis – Kiwi Loses Grip on 0.85

Forex: NZD/USD Technical Analysis – Kiwi Loses Grip on 0.85

2013-10-23 12:27:00
Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing through support at 0.8435 (Sep 19 high)
  • A break downward exposes 0.8349 (23.6% Fib), 0.8228 (38.2% Fib)
  • Near-term resistance is at 0.8544 (October 22 high)

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

dailyclassics_nzd-usd_body_Picture_2.png, Forex: NZD/USD Technical Analysis – Kiwi Loses Grip on 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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