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Forex: NZD/USD Technical Analysis – Trying to Retake 0.83 Figure

Forex: NZD/USD Technical Analysis – Trying to Retake 0.83 Figure

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing resistance at 0.8326 (61.8% Fib expansion)
  • A break higher targets 0.8355 (76.4% Fib expansion)
  • Below support at 0.8302 (50% Fib exp.) exposes 0.8279 (38.2% Fib exp.)

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

dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Trying to Retake 0.83 Figure

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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