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Forex: NZD/USD Technical Analysis – Holding at Familiar Support

Forex: NZD/USD Technical Analysis – Holding at Familiar Support

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • 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 0.8340-44 (channel bottom, 23.6% Fib) exposes 0.8435 (Sep 19 high)

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

dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Holding at Familiar Support

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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