NZDUSD Classic Technical Report 07.31.2012
Prices are testing resistance at 0.8082, the 61.8% Fibonacci retracement. A break higher targets the 0.8230-62 area. Near-term support lines up at 0.8011, a former resistance at a falling trend line set from the late February top.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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