NZD/USD :Towards a test of the annual highs
--- New analysis ---
The pair NZD/USD got out yesterday of our neutral zone between 81.77 and 82.46, giving us a buy signal. The price is back into its medium term bullish channel (purple lines) and is currently testing the high of September at 0.8350.
We continue to advise long positions as far as 0.8260 is support. The breakout of 0.8350 should allow the price to reach the annual highs of February towards 0.84 and 0.8450 in extension.
In case of return below 0.8260, we will be neutral between this level and 0.8176.
Analysis published by Bruno, the 09/28/2012 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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