NZDUSD Classic Technical Report 07.20.2012
Prices are hovering below resistance at 0.8061, with a break above that exposing the 38.2% Fibonacci expansion at 0.8098. Near-term support lines up at the 0.80 figure, with a break below that exposing the familiar barrier at 0.7861 anew.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to firstname.lastname@example.org
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.