Forex Analysis: NZDUSD Classic Technical Report 11.08.2012
Prices are testing below rising channel support set from late May, now at 0.8183, with a break lower exposing the 23.6% Fibonacci retracement at 0.8113. Long-term trend line resistance is now at 0.8322.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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