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Forex: NZD/USD Technical Analysis – Resistance Above 0.83 Tested

Forex: NZD/USD Technical Analysis – Resistance Above 0.83 Tested

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing resistance at 0.8332 (38.2% Fib exp.)
  • A break higher initially exposes 0.8369 (50% Fib exp.)
  • Below 0.8286 (23.6% Fib exp.) targets 0.8240 (horizontal pivot)

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

dailyclassics_nzd-usd_body_Picture_10.png, Forex: NZD/USD Technical Analysis – Resistance Above 0.83 Tested

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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