Forex: NZD/USD Technical Analysis – Support Above 0.83 Tested

Ilya Spivak


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Talking Points


  • Prices broke support at 0.8435 (Sep 19 high); exposing 0.8349 (23.6% Fib)
  • A further break downward exposes 0.8228 (38.2% Fib retracement)
  • Near-term resistance is at 0.8544 (October 22 high)


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dailyclassics_nzd-usd_body_Picture_10.png, Forex: NZD/USD Technical Analysis – Support Above 0.83 Tested
dailyclassics_nzd-usd_body_Picture_10.png, Forex: NZD/USD Technical Analysis – Support Above 0.83 Tested

Daily Chart - Created Using FXCM Marketscope 2.0




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


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