Filed Under:
Forex pairs in this Article » NZD/USD
To receive Ilya's analysis directly via email, please SIGN UP HERE

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)
Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_nzd-usd_body_Picture_10.png, Forex: NZD/USD Technical Analysis – Kiwi Probes Above 0.84Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? Watch this Video

For live market updates, visit the Real Time News Feed

original source
comments powered by Disqus
Trading Center