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NZD/USD Technical Analysis 03.06.2013

NZD/USD Technical Analysis 03.06.2013

Ilya Spivak, Head Strategist, APAC

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.

Forex_NZDUSD_Technical_Analysis_03.06.2013_body_Picture_5.png, NZD/USD Technical Analysis 03.06.2013

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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