NZD/USD Technical Analysis 02.06.2013

Ilya Spivak

NZD/USD Technical Analysis- Prices are pulling back from resistance in the 0.8460-75 area. Near-term support is in the 0.8315-55 region, with a move below that targeting a rising channel bottom set from late July (now at 0.8280). Alternatively, a break above resistance aims for the August 31 2011 high at 0.8571.

Forex_NZDUSD_Technical_Analysis_02.06.2013_body_Picture_1.png, NZD/USD Technical Analysis 02.06.2013
Forex_NZDUSD_Technical_Analysis_02.06.2013_body_Picture_1.png, NZD/USD Technical Analysis 02.06.2013

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

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