Singapore Markets close in 2 hrs 54 mins

Forex Analysis: NZD/USD Classic Technical Report 01.07.2013

Ilya Spivak

Prices are testing resistance in the 0.8317-55 area, with a break higher exposing the February 29 high at 0.8470.Near-term rising channel support is now at 0.8206. A drop below that aims for a horizontal pivot support level at 0.8052.


Forex_Analysis_NZDUSD_Classic_Technical_Report_01.07.2013_body_Picture_1.png, Forex Analysis: NZD/USD Classic Technical Report 01.07.2013

Daily Chart - Created Using FXCM Marketscope 2.0




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


To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak


To be added to Ilya's e-mail distribution list, please CLICK HERE


New to FX? Watch this Video. For live market updates, visit the Real Time News Feed




DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.