Forex Analysis: NZDUSD Classic Technical Report 11.08.2012
Forex pairs in this Article »
NZD/USD
Prices are testing below rising channel support set from late May, now at 0.8183, with a break lower exposing the 23.6% Fibonacci retracement at 0.8113. Long-term trend line resistance is now at 0.8322.
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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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
To be added to Ilya's e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
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