News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Forex: NZD/USD Technical Analysis – Reversal Hinted Below 0.84

Forex: NZD/USD Technical Analysis – Reversal Hinted Below 0.84

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • NZD/USD Technical Strategy: Flat
  • Support: 0.8254 (23.6% Fib exp.)
  • Resistance: 0.8380 (trend line, 38.2% Fib exp.), 0.8481 (50% Fib exp.)

The New Zealand Dollar may be readying to turn lower against its US namesake after prices put in a Shooting Star candlestick below resistance at 0.8380, the intersection of a falling trend line set from mid-October and the 38.2% Fibonacci expansion. Near-term support is at 0.8254, the 23.6% Fib. Alternatively, a turn above resistance initially exposes the 50% level at 0.8481.

Confirmation of a reversal is pending for now and we will wait for that to materialize before looking for a short trade setup. Needless to say, current positioning offers little evidence to argue in favor of a long trade setup. We will continue to monitor price action from the sidelines for now.

Confirm your chart-based trade setups with the Technical Analyzer. New to FX? Start Here!

dailyclassics_nzd-usd_body_Picture_10.png, Forex: NZD/USD Technical Analysis – Reversal Hinted Below 0.84

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.