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Forex: NZD/USD Technical Analysis – 0.84 Figure Marks Resistance

Forex: NZD/USD Technical Analysis – 0.84 Figure Marks Resistance

2014-01-15 04:36:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are turning lower after putting in a Shooting Star candlestick pattern
  • A close below 0.8355 (76.4% Fib exp.) exposes 0.8326 (61.8% Fib exp.)
  • Reversing above 0.8402 (100% Fib exp.) targets 0.8450 (123.6% Fib exp.)

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

dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – 0.84 Figure Marks Resistance

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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