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Forex Analysis: NZDUSD Classic Technical Report 11.07.2012

Ilya Spivak

Prices are pushing higher after taking out the top of a falling channel established from the September 14 swing high. Buyers now aim to challenge long-term trend resistance at 0.8324, with a break above that exposing the 0.8400 figure. Near-term channel resistance-turned-support is at 0.8220.

Forex_Analysis_NZDUSD_Classic_Technical_Report_11.07.2012_body_Picture_5.png, Forex Analysis: NZDUSD Classic Technical Report 11.07.2012

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

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