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NZDUSD Classic Technical Report 07.20.2012

Ilya Spivak

Prices are hovering below resistance at 0.8061, with a break above that exposing the 38.2% Fibonacci expansion at 0.8098. Near-term support lines up at the 0.80 figure, with a break below that exposing the familiar barrier at 0.7861 anew.

NZDUSD_Classic_Technical_Report_07.20.2012_body_Picture_5.png, NZDUSD Classic Technical Report 07.20.2012

8hr Chart - Created Using FXCM Marketscope 2.0

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

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