Updated the:
07/25/2012
NZD/USD : Back into its neutral zone
Sentiment :
sentiment
0.7938
sentiment
0.79
sentiment
The New Zeland Dollar has failed to pursuit its bullish trend last week despite a return above 0.80. The pair NZD/USD is back into its neutral zone between the fibonacci retracement 50% at 0.7846 and the level 61.80% at 0.7938.

We are neutral between these two levels and we advise to wait an exit of this range to take position:
- Long above 0.7938. The breakout of 0.8050 will give a new buy signal
- Short below 0.7846. The breakout of this level could indicate a bearish trend reversal. The first objective is set at 0.7754 (level 38.20%).

Analysis published by Bruno, the 07/24/2012 at 09h00 GMT+2

Updated the 07/25 - The pair NZD/USD finaly continued its bearish movement and just got out of its neutral zone 0.7846/0.7938 from the bottom, giving us a sell signal. The breakout of 0.7846 is a strong sell signal, this level allowed the pair to rebound several times in June.

We now advise to trade only short positions as far as 0.79 is resistance. The first bearish objective is set at 0.7754 (level 38.20%). The breakout of this level will give a new sell signal.

In case of return above 0.79, we will be neutral between this level and 0.7938.

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

Chart of the pair NZD/USD - Timeframe 4H

NZD/USD

Chart of the pair NZD/USD - Timeframe 1H

NZD/USD

NZD/USD Live Chart - Timeframe : 4h

Chart