Filed Under:
Forex pairs in this Article » NZD/USD, NZD/USD
NZD/USD Technical Analysis- Prices are testing above resistance in the 0.8460-75 area, with a break higher initially exposing the August 31 2011 high at 0.8571. In a broader sense, an upside breach would also complete an Ascending Triangle pattern, implying an upside target at 0.8788 (and coinciding with the major 2011 closing high).Near-term support is in the 0.8315-55 region, a barrier reinforced by a rising trend line set from late July.

Forex_NZDUSD_Technical_Analysis_02.14.2013_body_Picture_5.png, NZD/USD Technical Analysis 02.14.2013 Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail 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

comments powered by Disqus