Forex: NZD/USD Technical Analysis – Channel Support Under Fire
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices are testing support in the 0.8309-49 area (23.6% Fib, rising channel support)
- A break lower exposes 0.8228 (38.2% Fib)
- Near-term resistance is at 0.8435 (Sep 19 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.