Forex: NZD/USD Technical Analysis – Bouncing at Channel Bottom
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- Prices are pulling back from 0.8259 (38.2% Fib) to test below 0.8192 (23.6% Fib)
- A close below support targets falling channel support at 0.8077
- Reversing above 0.8259 targets 0.8313 (50% Fib, falling channel top)
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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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