NZDUSD Classic Technical Report 09.19.2012

DailyFX

Prices are bouncing from 23.6% Fibonacci retracement support at 0.8249. Initial resistance lines up at the top of a rising channel set from late May, now at 0.8394. Alternatively, a break below support initially exposes the 38.2% Fib at 0.8185.

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NZDUSD_Classic_Technical_Report_09.19.2012_body_Picture_5.png, NZDUSD Classic Technical Report 09.19.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

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