NZD/USD : Exit of the bearish channel and bullish gap
--- Follow up analysis ---
The pair NZD/USD got out yesterday of its range 0.8180/0.8226 in which the price was moving since several days. A buy signal has been given. Currently, the price is testing the next resistance at 0.8272. The last low in h1 has allowed us to draw a short term bullish channel (purple lines).
We continue to advise long positions as far as 0.82 is support. The breakout of 0.8272 will give a new buy signal and should allow the price to get back on its highs towards 0.8352.
In case of return below 0.82, we will be again neutral between 0.8180 and 0.8226.
Analysis published by Bruno, the 11/02/2012 at 08h50 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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