NZD/USD Technical Analysis– Prices are testing support at 0.8052, the November 16 2012 low. A break below that aims for the 0.80 figure and the September 5 2012 low at 0.7914, a barrier reinforced by a major rising trend line set from June 2009 (now at 0.7879). Near-term resistance is at 0.8181, a formerly broken horizontal support level.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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