Updated the:
06/29/2012
NZD/USD : Test of the major resistance at 0.80
Sentiment :
sentiment
0.79
sentiment
0.7846
sentiment
The New Zeland Dollar strongly appreciated last night against the US Dollar, shaping a V-bottom pattern. With this type of pattern, the movement often need to breath and that's why a pullback on 0.7938 (level 61.80 of fibonacci retracements) could occur. Then, we expect a took up of the bullish movement and the a test of the major resistance at 0.80. The breakout of this level will give a new buy signal and the resistance at 0.81 should then be reached.In case of a strong correction, we set a neutral zone on the pair NZD/USD between 0.79 and 0.7846 (level 50%).

Analysis published by Bruno, the 06/29/2012 at 12h10 GMT+2

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