NZD/USD Technical Analysis- Prices continue to hover near support in the 0.8248-50 area marked by a rising trend line set from late July 2012 and the 76.4% Fibonacci expansion. A break lower targets the 100% level at 0.8196. Near-term resistance is at 0.8280, the 61.8% expansion, with a move above that eying the 50% mark at 0.8306.

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 on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.