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Talking Points

  • Prices are testing below support in the 0.8202-5 area (50% Fib exp., channel bottom)
  • A break lower on a daily closing basis initially exposes 0.8148 (61.8% Fib exp.)
  • Turning back above 0.8205 sees resistance at 0.8286 (falling trend line)

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dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Trying to Pierce 0.82 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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