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Forex: NZD/USD Technical Analysis – All Eyes on Support Sub-0.82

Ilya Spivak


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Talking Points


  • Prices declined as expected after showing a Shooting Star candlestick
  • Breaking below0.8192 (Oct 2, 30 lows) confirms a Head & Shoulders top
  • Above resistance at 0.8386 (23.6% Fib) targets 0.8435 (Sep 19 swing high)


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dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – All Eyes on Support Sub-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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