NZD/USD Technical Analysis– Prices are pushing aggressively higher, probing above the 61.8% Fibonacci retracement at 0.8391 to challenge the 76.4% level at 0.8445. A break above the latter level targets the February 15 high at 0.8533. Near-term support is at 0.8347, the 50% Fib.
Daily Chart - Created Using FXCM Marketscope 2.0
Want to back-test your technical trading strategy? Download the historical data here.
--- 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.