Forex: NZD/USD Technical Analysis – Testing Support Below 0.82
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- Prices have turned downward after putting in a Bearish Engulfing candle pattern
- A break below 0.82158 (38.2% Fib exp.) exposes 0.8104 (50% Fib exp.)
- Turning above resistance at 0.8225 (23.6% Fib exp) eyes 0.8246 (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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