NZD/USD analysis of the week (4h candlesticks)

By ForexTribe
24 November 2009 @ 05:56 am EDT

0.7271 has been broken, making us cut our short positions. Then, the price got back shortly above 0.7320 but the parity seems to evolve in a bearish channel. We will now advise again to trade only short positions as far as the parity will move into its bearish channel. An exit of the channel will indicate a new test of 0.7320 but we will not advise to trade long positions untill this level become support.



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