Forex Analysis: NZD/USD Classic Technical Report 12.12.2012

Prices broke resistance in the 0.8317-55 area, marked by the April 13 and September 28 highs. Buyers now aim to challenge the February 29 high at 0.8470. The 0.8317-55 region has been recast as near-term support, with a drop back below that aiming for channel top resistance-turned-support at 0.8238.

Daily Chart - Created Using FXCM Marketscope 2.0

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

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