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Forex: NZD/USD Technical Analysis – Testing Support Below 0.82

Ilya Spivak


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Talking Points


  • Prices have turned downward after putting in a Bearish Engulfing candle pattern
  • A break below 0.82158 (38.2% Fib exp.) exposes 0.8104 (50% Fib exp.)
  • Turning above resistance at 0.8225 (23.6% Fib exp) eyes 0.8246 (channel top)


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dailyclassics_nzd-usd_body_Picture_12.png, Forex: NZD/USD Technical Analysis – Testing Support Below 0.82

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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