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NZD/USD Technical Analysis 04.25.2013

NZD/USD Technical Analysis 04.25.2013

Ilya Spivak, Head Strategist, APAC

NZD/USD Technical Analysis– Prices are bouncing from support at 0.8387, the 23.6% Fibonacci retracement to test above the 14.6% level at 0.8497. A break above that aims for the 38.2% Fib expansion at 0.8556.

Forex_NZDUSD_Technical_Analysis_04.25.2013_body_Picture_5.png, NZD/USD Technical Analysis 04.25.2013

Daily Chart - Created Using FXCM Marketscope 2.0

Want to back-test your technical trading strategy? Download the historical data here.

--- 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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