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Forex: NZD/USD Technical Analysis – Support Sub-0.83 Holding

Forex: NZD/USD Technical Analysis – Support Sub-0.83 Holding

2014-01-08 04:07:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices broke resistance 0.8278 (23.6% Fib exp.), exposing 0.8399 (38.2% Fib exp.)
  • A further push above that aims for 0.8496 (50% Fib exp.)
  • Reversing below 0.8278 targets 0.8206 (channel resistance-turned-support)

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

dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Support Sub-0.83 Holding

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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