NZD/USD Technical Analysis– Prices are testing support in the 0.8155-92 area. A break downward aims for the November 16 low at 0.8052. Initial resistance is at 0.8322, with a push above that exposing Rising Wedge bottom support-turned-resistance at 0.8367.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE