NZD/USD Technical Analysis: Multi-Year Support Line Held
NZD/USD Technical Analysis – Prices are testing resistance at 0.7914, with a break above that targeting a falling trend line set from early April (now at 0.8038). Near-term support is at 0.7806. A drop back beneath that aims for a rising trend line connecting major swing lows since late November 2011, now at 0.7710
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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