NZD/USD Technical Analysis- Prices are testing above resistance at 0.8322, the intersection of the 38.2% Fibonacci retracement and a formerly broken horizontal support barrier. A break above that exposes rising trend line support-turned-resistance at 0.8345 and the 50% Fib at 0.8362. Near-term support is at 0.8272, the 23.6% level.
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
To be added to Ilya's e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
