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

By Roger Baettig | June 20 2012 4:26 AM

Updated the: 06/20/2012
NZD/USD Technical Analysis comments :

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Sentiment : 0.7846 0.7846
The pair NZD/USD has continued its bullish movement and broke the resistance at 0.7938 (level 61.80% of fibonacci retracements), giving us a new buy signal. Then, the pair has tested the next resistance at 0.80. All indicators are bullish. The pair continues to move into its bullish channel (black lines). We continue to advise long positions as far as 0.7846 (level 50%) is support. The breakout of 0.80 will give a new buy signal and will open the way towards 0.81. In case of return below 0.7846, a sell signal will be given.