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Forex: NZD/USD Technical Analysis – Support Below 0.82 in Focus

Ilya Spivak


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Talking Points


  • A Dark Cloud Cover candle pattern below 0.8259 (38.2% Fib) hints at losses ahead
  • Breaking below 0.8192 (23.6% Fib) targets falling channel support at 0.8064
  • Reversing above 0.8259 targets 0.8313 (50% Fib retracement, falling channel top)


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dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Support Below 0.82 in Focus

Daily Chart - Created Using FXCM Marketscope 2.0




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


Contact and follow Ilya on Twitter: @IlyaSpivak


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