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NZD/USD Technical Analysis 05.13.2013

Ilya Spivak

NZD/USD Technical Analysis– Prices are testing support at 0.8270, the 100% Fibonacci expansion. A break below that targets the 123.6% level at 0.8195. Near-term resistance is at 0.8344, the 76.4% Fib, with a reversal above that initially eyeing the 61.8% expansion at 0.8390.

Forex_NZDUSD_Technical_Analysis_05.10.2013_body_Picture_5.png, NZD/USD Technical Analysis 05.13.2013

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

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