Forex Analysis: NZDUSD Classic Technical Report 11.07.2012
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 0.8220.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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