Forex: NZD/USD Technical Analysis – Testing Support Below 0.82

Ilya Spivak
December 27, 2013

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Talking Points

  • Prices have turned downward after putting in a Bearish Engulfing candle pattern
  • A break below 0.82158 (38.2% Fib exp.) exposes 0.8104 (50% Fib exp.)
  • Turning above resistance at 0.8225 (23.6% Fib exp) eyes 0.8246 (channel top)

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

dailyclassics_nzd-usd_body_Picture_12.png, Forex: NZD/USD Technical Analysis – Testing Support Below 0.82
dailyclassics_nzd-usd_body_Picture_12.png, Forex: NZD/USD Technical Analysis – Testing Support Below 0.82

Daily Chart - Created Using FXCM Marketscope 2.0

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

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