NZD/USD Technical Analysis 05.06.2013

NZD/USD Technical Analysis– Prices are consolidating above around the 0.85 figure. Near-term trend line resistance is at 0.8558, with a break above that targeting swing highs at 0.8585 and 0.8675. Trend line support is at 0.8453. A move beneath that eyes a pivot support level at 0.8389.

Forex_NZDUSD_Technical_Analysis_05.06.2013_body_Picture_5.png, NZD/USD Technical Analysis 05.06.2013
Forex_NZDUSD_Technical_Analysis_05.06.2013_body_Picture_5.png, NZD/USD Technical Analysis 05.06.2013

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.