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Forex Analysis: NZDUSD Classic Technical Report 11.06.2012

Forex Analysis: NZDUSD Classic Technical Report 11.06.2012

2012-11-06 14:39:00
Ilya Spivak, Sr. Currency Strategist
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Prices are pushing higher after taking out the top of a falling channel established from the September 14 swing high. Buyers now aim to challenge long-term trend resistance at 0.8324, with a break above that exposing the 0.8400 figure. Near-term channel resistance-turned-support is at 0.8222.

Forex_Analysis_NZDUSD_Classic_Technical_Report_11.06.2012_body_Picture_5.png, Forex Analysis: NZDUSD Classic Technical Report 11.06.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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