NZDUSD Classic Technical Report 07.16.2012
Prices are testing resistance at 0.7984, the 14.6% Fibonacci retracement. A break higher exposes the July 5 high at 0.8075. Near-term support lines up at 0.7928, the 23.6% Retracement, with a breach below that exposing the 0.7838-61 area.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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