|NZD/USD : Follow up after a bullish rally|
--- New analysis ---
The movement has continued as forecast towards the resistance at 0.8176 and the breakout of this level gave us a new buy signal. The price is back into its former bullish channel in h4 (purple lines).
We continue to advise long positions as far as 0.8123 is support. The price could take support on a bullish slant in h1 (black line). The breakout of 0.8250 will allow the pair to pursuit its bullish rally towards the resistance at 0.83.
In case of return below 0.8123, we will be neutral between this level and 0.8085.
Analysis published by Bruno, the 09/12/2012 at 09h00 GMT+2
|Complete sheet of the pair NZD/USD - Previous NZD/USD Analysis|
|Chart of the pair NZD/USD - Timeframe 4H|
|Chart of the pair NZD/USD - Timeframe 1H|
|NZD/USD Live Chart - Timeframe : 4h|