BabyPips.com School of Pipsology
New to forex? Learn to trade through our online course. It’s fun and, best of all, it’s free!NZD/USD: Daily

Is the Kiwi ready to take flight again? By the looks of its daily chart, it seems that NZD/USD is finding support at the 38.2% Fibonacci retracement level. That's right in line with a former resistance level at .8050, which could be ready to hold as support for the pair. Stochastic is still pointing downwards though, suggesting that Kiwi bears might be able to push NZD/USD a little lower. Watch out for the nearby potential support at the .8000 major psychological level!






