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NZD/USD Technical Analysis 03.20.2013

NZD/USD Technical Analysis 03.20.2013

2013-03-20 11:46:00
Ilya Spivak, Head Strategist, APAC
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NZD/USD Technical Analysis– Prices are testing support in the 0.8155-92 area. A break downward aims for the November 16 low at 0.8052. Initial resistance is at 0.8322, with a push above that exposing Rising Wedge bottom support-turned-resistance at 0.8380.

Forex_NZDUSD_Technical_Analysis_03.20.2013_body_Picture_5.png, NZD/USD Technical Analysis 03.20.2013

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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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