Forex: NZD/USD Technical Analysis – Support Tested Sub-0.78


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

NZD/USD Technical Analysis

  • Prices are testing support in the 0.7758-83 area (rising trend line, 38.2% Fib expansion)
  • A break lower on a daily closing basis initially exposes the 50% level at 0.7666
  • Return above 0.7928 (23.6% Fib) exposes the 0.80 figure, triple top resistance at 0.8096

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

View photo

dailyclassics_nzd-usd_body_Picture_10.png, Forex: NZD/USD Technical Analysis – Support Tested Sub-0.78

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

New to FX? Watch this Video. 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.

View Comments (0)