NZD/USD Technical Analysis 02.01.2013

DailyFX

NZD/USD Technical Analysis- Prices continue to below falling trend line resistance set from mid-December. Initial support is in the 0.8315-55 area, with a break below that targeting rising channel support at 0.8270. Alternatively, a push above resistance (now at 0.8441) exposes the August 31 2011 high at 0.8571.

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Forex_NZDUSD_Technical_Analysis_02.01.2013_body_Picture_1.png, NZD/USD Technical Analysis 02.01.2013

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

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