NZD/USD Technical Analysis 03.07.2013
Here you can find all the latest breaking forex and currency news about NZD/USD Technical Analysis 03.07.2013 including currency analysis and forecasts, live foreign exchange rates, central bank interest rates, and currency trading strategies from experienced fx traders and forex platforms.
NZD/USD Technical Analysis- Prices pulled back from resistance at 0.8322, the intersection of the 38.2% Fibonacci retracement and a formerly broken horizontal support barrier, to test support at the 23.6% level (0.8272). This is reinforced by a rising trend line set from late July, now at 0.8255. A drop below that exposes the March 4 low at 0.8192. Alternatively, a reversal above resistance aims for a trend line barrier at 0.8348.
Daily Chart - Created Using FXCM Marketscope 2.0
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