Forex - NZD/ USD Technical Analysis (New Zealand Dollar / US Dollar)

By Roger Baettig | May 15 2012 5:08 AM

Updated the: 05/15/2012
NZD/USD Technical Analysis comments :

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Sentiment : 0.7970 0.7923
The pair NZD/USD has continued its bearish movement and the breakout of 0.78 gave us a new sell signal. Currently, the pair is testing the next support at 0.7754. The gap is still not filled in. All indiactors are bullish. The pair is moving into its former bearish channel (purple lines). We continue to advise short positions as far as 0.7923 is resistance. The breakout of 0.7754 will give a new sell signal and open the way towards 0.77. In case of return above 0.7923, we will be neutral between this level and 0.7970.

Complete sheet of the pair NZD/USD - Previous NZD/USD Analysis

Chart of the pair NZD/USD - Timeframe 4H - Zoom in :

NZD/USD

Chart of the pair NZD/USD - Timeframe 4H - Zoom out:

NZD/USD

NZD/USD Live Chart - Timeframe : 4h

Chart

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