NZD/USD Technical Analysis 05.23.2013
NZD/USD Technical Analysis– Prices are testing support at 0.8052, the November 16 2012 low. A break below that aims for the 0.80 figure and the September 5 2012 low at 0.7914, a barrier reinforced by a major rising trend line set from June 2009 (now at 0.7879). Near-term resistance is at 0.8181, a formerly broken horizontal support level.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.