Forex: NZD/USD Technical Analysis – Resistance Met Above 0.83
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- Prices are testing below 0.8259 (38.2% Fib retracement)
- Breaking lower on a daily closing basis exposes 0.8200 (channel top)
- Above resistance at 0.8313 (50% Fib ret.) targets 0.8367 (61.8% Fib ret.)
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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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