NZDUSD-13:30 (CET)

19 November 2009 @ 08:00 am EDT

The pair continues with the downwards trend, with a large movement of 212 pips so far and trading at 0.7290. The bands of Bollinger show a volatility of 230 pips in the hour, while the RSI is clearly oversold.The Stochastic shows selling signs, right now.

If the downwards trend continues, the next support is at 0.7235, while on the upside the resistance is found at 0.7333, 23.6% of the fibo marked between 0.7283 and 0.7496.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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