Forex: NZD/USD Technical Analysis – Support Holding Above 0.82
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices are testing support at 0.8214 (38.2% Fib) afterclearing a channel set from late Sep
- Pushing further downward eyes the 0.8096-0.8113 area (Jun-Aug range top, 50% Fib)
- Reversing above 0.8340 (channel bottom, 23.6% Fib) exposes 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? START HERE
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.