Updated the:
10/18/2012
NZD/USD : Double top shaping?

Sentiment :
sentiment sur la parité EUR/CHF
0.8260
sentiment sur la parité EUR/CHF
0.8260
sentiment sur la parité EUR/CHF

--- Follow up analysis ---
Despite the breakout of the support at 0.8176, the pair NZD/USD has failed to pursuit its bullish movement and is currently making a correction. The price got out of its short term bearish channel (purple lines) and seems to move towards a pullback on the resistance at 0.8260.

We continue to advise short positions as far as this level is resistance. On a medium term view, a bearish channel appears (black lines) and the upper band is going to be tested. A return below 0.8176 will comfort our bearish feeling and should allow the price to reach the support at 0.8083.

In case of return above 0.8260, a buy signal will be given.
 
 

Analysis published by Bruno, the 10/18/2012 at 09h00 GMT+2

Full analysis

Chart of the pair NZD/USD - Timeframe 4H
NZD/USD Technical Analysis
 
Chart of the pair NZD/USD - Timeframe 1H
NZD/USD Technical Analysis



 

NZD/USD Live Chart - Timeframe : 4h
Chart NZD/USD BID

 

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