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Forex: NZD/USD Technical Analysis – Key Resistance Above 0.84

Forex: NZD/USD Technical Analysis – Key Resistance Above 0.84

2013-11-20 04:55:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are testing resistance in the 0.8382-0.8435area (Sep 18-19 highs)
  • A break higher initially exposes 0.8543 (October 22 high)
  • Below trend line resistance-turned-support (0.8317) eyes 0.8214 (23.6% Fib ret.)

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

dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Key Resistance Above 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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