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Forex: NZD/USD Technical Analysis – Overturning Bearish Break?

Ilya Spivak

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Talking Points

  • Prices are testing back above support-turned-resistance at 0.8214 (38.2% Fib ret.)
  • A close above this barrier exposesthe 0.8382-0.8435 area (Sep 18-19 highs)
  • Turning back below 0.8214 targets 0.8113 (50% Fib retracement)

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dailyclassics_nzd-usd_body_Picture_11.png, Forex: NZD/USD Technical Analysis – Overturning Bearish Break?

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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