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Forex Analysis: NZD/USD Classic Technical Report 01.03.2013

Forex Analysis: NZD/USD Classic Technical Report 01.03.2013

2013-01-03 11:45:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices are testing resistance in the 0.8317-55 area, with a break higher exposing the February 29 high at 0.8470. Near-term rising channel support is now squarely at the 0.82 figure. A drop below that targets 0.8052.

Forex_Analysis_NZDUSD_Classic_Technical_Report_01.03.2013_body_Picture_1.png, Forex Analysis: NZD/USD Classic Technical Report 01.03.2013

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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