NZD/USD Technical Analysis– Prices are consolidating above around the 0.85 figure. Near-term trend line resistance is at 0.8552, with a break above that targeting swing highs at 0.8585 and 0.8675. Trend line support is at 0.8459. A move beneath that eyes a pivot support level at 0.8389.
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