NZDUSD Classic Technical Report 08.20.2012
Prices are testing support in the 0.8035-92 congestion area, with a break lower exposing rising trend line support at 0.7948. Initial resistance lines up at 0.8168, a major falling trend line set from the August 2011 swing high.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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