Forex: NZD/USD Technical Analysis – Support Now Above 0.82

DailyFX

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

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 0.8207 (rising channel bottom)

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

View photo

.
dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Support Now Above 0.82

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE!

For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Rates

View Comments (0)