Forex: NZD/USD Technical Analysis – Ready to Turn Lower Again?
To receive Ilya's analysis directly via email, please SIGN UP HERE
- A Dark Cloud Cover candle pattern below 0.8259 (38.2% Fib) hints at losses ahead
- Breaking below 0.8192 (23.6% Fib) targets falling channel support at 0.8072
- Reversing above 0.8259 targets 0.8313 (50% Fib retracement, falling channel top)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.