Forex Analysis: NZDUSD Classic Technical Report 11.06.2012


Prices are pushing higher after taking out the top of a falling channel established from the September 14 swing high. Buyers now aim to challenge long-term trend resistance at 0.8324, with a break above that exposing the 0.8400 figure. Near-term channel resistance-turned-support is at 0.8222.

View photo

Forex_Analysis_NZDUSD_Classic_Technical_Report_11.06.2012_body_Picture_5.png, Forex Analysis: NZDUSD Classic Technical Report 11.06.2012

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)