NZD/USD Technical Analysis 02.13.2013

DailyFX

NZD/USD Technical Analysis- Prices continue to consolidate below resistance in the 0.8460-75 area. Near-term support is in the 0.8315-55 region, a barrier reinforced by a rising trend line set from late July. A break below that broadly exposes the December 26 low at 0.8155. Alternatively, a break above resistance aims for the August 31 2011 high at 0.8571.

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Forex_NZDUSD_Technical_Analysis_02.13.2013_body_Picture_5.png, NZD/USD Technical Analysis 02.13.2013

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

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