NZD/USD Technical Analysis: Familiar Range Still in Play

| 9 juli, 2013 | 0 kommentarer

NZD/USD Technical Analysis– Prices continue to consolidate after clearing rising trend line support set from March 2011. Near-term support is at 0.7687, the 38.2% Fibonacci expansion, with a break below that eyeing the 50% level at 0.7633. Near-term resistance is at 0.7827, a barrier marked by the 14.6% Fib retracement and reinforced by the trend line (now recast as resistance at 0.7843).

dailyclassics_nzd-usd_body_Picture_10.png, NZD/USD Technical Analysis: Familiar Range Still in Play

Daily Chart – Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail [email protected]. 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

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

E-postadressen publiceras inte. Obligatoriska fält är märkta *