Forex: NZD/USD Technical Analysis – Channel Top Back in Focus
To receive Ilya's analysis directly via email, please SIGN UP HERE
- 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.
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.