Forex: NZD/USD Technical Analysis – Still Testing Channel Top
To receive Ilya's analysis directly via email, please SIGN UP HERE
Talking Points
Prices are testing resistance at 0.8313 (50% Fib ret., falling channel top)
A break higher initially targets 0.8368 (61.8% Fib retracement)
Turning below support at 0.8259 (38.2% Fib) aims for 0.8192 (23.6% Fib)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.