Forex Strategy: NZD/USD Testing Key Support


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Talking Points

  • NZD/USD Technical Strategy: Pending short, waiting for attractive risk/reward
  • Prices turned lower as expected after putting in a Bearish Engulfing candle pattern
  • Closing below support at 8113 (50% Fib ret.) exposes 0.8011 (61.8% Fib ret.)

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Forex_Strategy_NZDUSD_Testing_Key_Support_body_Picture_5.png, Forex Strategy: NZD/USD Testing Key Support

Weekly Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

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