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Talking Points
Prices a retesting resistance in the 0.8214-35 area (38.2% Fib ret., channel top)
A break higher initially targets 0.8334 (December 10 high)
Below support at 0.8112 (50% Fib ret.) exposes 0.8011 (61.8% Fib ret.)
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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Forex: NZD/USD Technical Analysis ? Channel Top Back in Focus
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