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Forex pairs in this Article » NZD/USD, NZD/USD
Prices put in a Bearish Engulfing below resistance at 0.8470, the February 29 2012 high, hinting a move lower is ahead. Near-term support is in the 0.8317-55 area, with a break below that aiming for rising channel support at 0.8222. Alternatively, a reversal above 0.8470 eyes the channel top at 0.8605.

Forex_Analysis_NZDUSD_Classic_Technical_Report_01.14.2013_body_Picture_1.png, Forex Analysis: NZD/USD Classic Technical Report 01.14.2013 Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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