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Forex: NZD/USD Technical Analysis – Still Testing Channel Top

Ilya Spivak


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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)


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dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Still Testing Channel Top

Daily Chart - Created Using FXCM Marketscope 2.0




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


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