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NZDUSD Classic Technical Report 09.20.2012

Ilya Spivak

Prices are testing below support at 0.8223, with a break below that exposing 0.8047. Near-term trend line resistance is at 0.8352, with a break above that exposing the top of a rising channel set from late May (now at 0.8410).

NZDUSD_Classic_Technical_Report_09.20.2012_body_Picture_5.png, NZDUSD Classic Technical Report 09.20.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

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