NZD/USD Technical Analysis- Prices continue to consolidate below resistance in the 0.8460-75 area. Near-term support is in the 0.8315-55 region, with a move below that targeting a rising channel bottom set from late July (now at 0.8288). Alternatively, a break above resistance aims for the August 31 2011 high at 0.8571.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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