Forex: NZD/USD Technical Analysis – Channel Bottom Broken
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- A break of channel support set from late September exposes 0.8228 (38.2% Fib)
- Pushing further beneath that eyes the 0.8096-0.8131 area (Jun-Aug range top, 50% Fib)
- Reversing above the channel bottom (0.8315) targets 0.8349 (23.6% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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