Forex: NZD/USD Technical Analysis – Rejected at Resistance Sub-0.83
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- Prices are recoiling from resistance at 0.8287 (23.6% Fib expansion)
- Breaking below 0.8192 (channel top) exposes 0.8106 (horizontal pivot)
- Reversing above resistance initially targets 0.8413 (38.2% Fib exp.)
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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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