NZD/USD : New exit of the bullish channel?
--- Follow up analysis ---
The lower band of our bullish channel in h4 (purple lines) has allowed a rebound of the pair NZD/USD who got over 0.8250, giving us a buy signal. Currently, the price is testing the resistance at 0.83.
We continue to advise long positions as far as 0.8220 is support. This level is our key point. In case of return below this one, this will lead to an exit of the bullish channel and will give a sell signal.
The breakout of 0.83 will give a new buy signal and should open the way towards 0.8350 and 0.84 in extension.
Analysis published by Bruno, the 09/21/2012 at 09h00 GMT+2
Chart of the pair NZD/USD - Timeframe 4H
Chart of the pair NZD/USD - Timeframe 1H
|NZD/USD Live Chart - Timeframe : 4h|
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