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NZD/USD Technical Analysis 02.13.2013

NZD/USD Technical Analysis 02.13.2013

Ilya Spivak, Head Strategist, APAC

NZD/USD Technical Analysis- Prices continue to consolidate below resistance in the 0.8460-75 area. Near-term support is in the 0.8315-55 region, a barrier reinforced by a rising trend line set from late July. A break below that broadly exposes the December 26 low at 0.8155. Alternatively, a break above resistance aims for the August 31 2011 high at 0.8571.

Forex_NZDUSD_Technical_Analysis_02.13.2013_body_Picture_5.png, NZD/USD Technical Analysis 02.13.2013

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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