Forex Analysis: NZD/USD Classic Technical Report 12.03.2012
Prices are testing the top of a falling channel set from the mid-September swing top (now at 0.8250), with a break higher initially exposing 0.8317. Upward-sloping support is at 0.8132, with a push below that targeting the channel bottom at 0.8056.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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