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NZD/USD Technical Analysis 04.30.2013

NZD/USD Technical Analysis 04.30.2013

2013-04-30 12:13:00
Ilya Spivak, Head Strategist, APAC
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NZD/USD Technical Analysis– Prices narrowly edged above resistance at 0.8556, the 38.2% Fibonacci expansion, exposing the 50% level at 0.8617. A further break above that aims for the 61.8% Fib at 0.8678. Alternatively, a reversal back beneath 0.8556 eyes rising trend line support at 0.8425.

Forex_NZDUSD_Technical_Analysis_04.30.2013_body_Picture_5.png, NZD/USD Technical Analysis 04.30.2013

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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