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NZD/USD Technical Analysis 03.01.2013

Ilya Spivak

NZD/USD Technical Analysis- Prices are testing support in the 0.8245-48 area marked by a rising trend line set from late July 2012 and the 76.4% Fibonacci expansion. A break lower targets the 100% level at 0.8196. Near-term resistance is at 0.8280, the 61.8% expansion.


Forex_NZDUSD_Technical_Analysis_03.01.2013_body_Picture_5.png, NZD/USD Technical Analysis 03.01.2013

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


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