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Forex: NZD/USD Technical Analysis – Channel Top Back in Focus

Forex: NZD/USD Technical Analysis – Channel Top Back in Focus

2013-12-31 06:44:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices a retesting resistance in the 0.8214-35 area (38.2% Fib ret., channel top)
  • A break higher initially targets 0.8334 (December 10 high)
  • Below support at 0.8112 (50% Fib ret.) exposes 0.8011 (61.8% Fib ret.)

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

dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Channel Top Back in Focus

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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