Forex: NZD/USD Technical Analysis – Resistance Now Above 0.84

DailyFX

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

Talking Points

  • Prices broke resistance at 0.8355 (76.4% Fib exp.), exposing 0.8402 (100% Fib exp.)
  • A further push higher beyond that aims for 0.8450 (123.6% Fib exp.)
  • Turning back below 0.8355 targets 0.8326 (61.8% Fib exp.)

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

View photo

.
dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Resistance Now Above 0.84

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