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NZD/USD Technical Analysis 03.01.2013

NZD/USD Technical Analysis 03.01.2013

Ilya Spivak, Head Strategist, APAC

NZD/USD Technical Analysis- Prices are testing support in the 0.8245-48 area marked by a rising trend line set from late July 2012 and the 76.4% Fibonacci expansion. A break lower targets the 100% level at 0.8196. Near-term resistance is at 0.8280, the 61.8% expansion.

Forex_NZDUSD_Technical_Analysis_03.01.2013_body_Picture_5.png, NZD/USD Technical Analysis 03.01.2013

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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