NZD/USD Technical Analysis 04.03.2013

DailyFX

NZD/USD Technical Analysis– Prices broke above the 61.8% Fibonacci retracement at 0.8391 to challenge the 76.4% level at 0.8445. A further push above that targets the February 15 high at 0.8533. The 0.8391 mark has been recast as near-term support, with a reversal back below that eyeing the 50% Fib at 0.8347.

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Forex_NZDUSD_Technical_Analysis_04.03.2013_body_Picture_5.png, NZD/USD Technical Analysis 04.03.2013

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

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