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Forex: NZD/USD Technical Analysis – Kiwi Probes Above 0.84

Ilya Spivak


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Talking Points


  • Prices rose as expected after forming a Bullish Engulfing at support set from Nov 2011
  • Near-term resistance is at 0.8437 (61.8% Fib); a break above that targets 0.8615 (76.4% Fib)
  • Initial support is at 0.8293 (61.8% Fib expansion)


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dailyclassics_nzd-usd_body_Picture_10.png, Forex: NZD/USD Technical Analysis – Kiwi Probes Above 0.84

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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