NZD/USD Technical Analysis 02.04.2013
NZD/USD Technical Analysis- Prices narrowly broke above falling trend line resistance set from mid-December, exposing the next key barrier at 0.8571 (marked by the August 31 2011 high). The trend line (now at 0.8440) has been recast as near-term support, with a reversal back below that initially targeting the 0.8315-55 area.
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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New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
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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