Forex Analysis: NZD/USD Classic Technical Report 12.05.2012
Prices are testing the top of a falling channel set from the mid-September swing top (now at 0.8245), with a break higher initially exposing 0.8317. Upward-sloping support is at 0.8138, with a push below that targeting the channel bottom at 0.8053.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.