NZD/USD Technical Analysis– Prices are testing resistance at 0.8634, the 76.4% Fibonacci expansion, with a break below that targeting the 100% level at 0.8780. Near-term support is at 0.8544, the 61.8% Fib. A drop below that eyes the 50% expansion at 0.8471.
Daily Chart - Created Using FXCM Marketscope 2.0
Want to back-test your technical trading strategy? Download the historical data here.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Investment & Company Information