U.S. Markets open in 6 hrs 54 mins

NZD/USD Technical Analysis: Critical Trend Line in Play

Ilya Spivak


NZD/USD Technical Analysis– Prices are testing support in the 0.7754-86 area marked by a trend line set from August 2010 and the 38.2% Fibonacci expansion. A break below that targets the 50% level at 0.7678. Near-term resistance is at 0.7920, the 23.6% Fib.


dailyclassics_nzd-usd_body_Picture_10.png, NZD/USD Technical Analysis: Critical Trend Line in Play

Daily Chart - Created Using FXCM Marketscope 2.0




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


To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak


To be added to Ilya's e-mail distribution list, please CLICK HERE


New to FX? Watch this Video. 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.