NZD/USD Technical Analysis 04.03.2013
NZD/USD Technical Analysis– Prices broke above the 61.8% Fibonacci retracement at 0.8391 to challenge the 76.4% level at 0.8445. A further push above that targets the February 15 high at 0.8533. The 0.8391 mark has been recast as near-term support, with a reversal back below that eyeing the 50% Fib at 0.8347.
Daily Chart - Created Using FXCM Marketscope 2.0
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