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NZD/USD Technical Analysis: Next Upside Barrier Sub-0.81

Ilya Spivak

NZD/USD Technical Analysis – Prices broke higher as expected, clearing resistance the 23.6% Fibonacci expansion(0.7917) to expose the 38.2% mark at 0.8061. Alternatively, a reversal back below 0.7917 eyes channel resistance-turned-support at 0.7769.

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dailyclassics_nzd-usd_body_Picture_10.png, NZD/USD Technical Analysis: Next Upside Barrier Sub-0.81

Daily Chart - Created Using FXCM Marketscope 2.0

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

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