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Forex: NZD/USD Technical Analysis – Resistance Seen Sub-0.84

Forex: NZD/USD Technical Analysis – Resistance Seen Sub-0.84

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing resistance at 0.8386 (23.6% Fib expansion)
  • A break higher targets 0.8435 (Sep 19 high), 0.8507 (38.2% Fib)
  • Near-term support is at 0.8192, the October 30 low

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

dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Resistance Seen Sub-0.84

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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