NZD/USD Technical Analysis 02.28.2013
NZD/USD Technical Analysis- Prices are retesting support-turned-resistance in the 0.8315-55 area, marked by horizontal pivots in play since mid-September and the underside of a broken Rising Wedge bottom. A break higher aims for Fibonacci retracement barriers at 0.8378 and 0.8415. Near-term support is at 0.8223, the February 26 low.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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