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

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

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing above resistance at 0.8278 (23.6% Fib exp.)
  • A break higher on a daily closing basis exposes 0.8329 (38.2% Fib exp.)
  • Near-term support is at 0.8205 (rising channel bottom)

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

dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Eyeing Resistance Above 0.83

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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