Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account


Forex Analysis: NZD/USD Classic Technical Report 12.06.2012

By , Currency Strategist
06 December 2012 12:16 GMT

Prices broke resistance at the top of a falling channel set from the mid-September swing top to expose the next upside barrier at 0.8317, marked by the April 13 high. A further a push above that targets the February 29 high at 0.8470. Channel top resistance-turned-support is at 0.8243, with a break back below that aiming for 0.8143.

Forex_Analysis_NZDUSD_Classic_Technical_Report_12.06.2012_body_Picture_1.png, Forex Analysis: NZD/USD Classic Technical Report 12.06.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail 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

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

06 December 2012 12:16 GMT