Forex: NZD/USD Technical Analysis – Neckline Support in Focus

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Talking Points

  • A break of the 0.8192-0.8214 area (23.6% Fib, Oct 2 low) confirms a Head and Shoulders top
  • Clearingresistance in the 0.8382-0.8435area (Sep 18-19 highs) exposes 0.8543 (Oct 22 high)
  • A close below 0.8192 initially exposes 0.8112 (38.2% Fib)

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dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Neckline Support in Focus

Daily Chart - Created Using FXCM Marketscope 2.0

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

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