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Forex Analysis: NZD/USD Classic Technical Report 01.23.2013

Ilya Spivak

Prices continue to consolidate below resistance at 0.8470, the February 29 2012 high. Near-term support is in the 0.8317-55 area, with a break below that aiming for rising channel support at 0.8246. Alternatively, a reversal above 0.8470 eyes the channel top at 0.8628.


Forex_Analysis_NZDUSD_Classic_Technical_Report_01.23.2013_body_Picture_1.png, Forex Analysis: NZD/USD Classic Technical Report 01.23.2013

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


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