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  • The price of #gold may continue to exhibit a bullish behavior in June as the pullback from the yearly high ($1765) reverses ahead of the May low ($1670). Get your Gold market update from @DavidJSong here: https://t.co/OeaYtCpcIo https://t.co/UQVPIVCTCP
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  • The $USD, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop. Find out from @ZabelinDimitri here: https://t.co/L8cfAgVx94 https://t.co/THWhPAS6AM
Forex Analysis: NZD/USD Classic Technical Report 12.13.2012

Forex Analysis: NZD/USD Classic Technical Report 12.13.2012

2012-12-13 13:55:00
Ilya Spivak, Head Strategist, APAC
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Prices broke resistance in the 0.8317-55 area, marked by the April 13 and September 28 highs. Buyers now aim to challenge the February 29 high at 0.8470, with a break above that targeting a rising channel top at 0.8543. The 0.8317-55 region has been recast as support. A drop back below that aims for falling channel top resistance-turned-support at 0.8235.

Forex_Analysis_NZDUSD_Classic_Technical_Report_12.13.2012_body_Picture_1.png, Forex Analysis: NZD/USD Classic Technical Report 12.13.2012

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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