Forex: NZD/USD Technical Analysis – Head and Shoulders Top Set?
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- A break below 0.8214 (23.6% Fib) confirms a Head and Shoulders top formation
- Clearingresistance in the 0.8382-0.8435area (Sep 18-19 highs) exposes 0.8543 (Oct 22 high)
- A close below 0.8214 initially exposes 0.8112 (38.2% Fib retracement)
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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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