NZD/USD : Unemployment rate reverses the trend
--- Follow up analysis ---
The fill in of the bearish gap is not up to date on the pair NZD/USD who broke the support at 0.8134, giving us a new sell signal. The next support at 0.8088 has been reached. Currently, the price seems to move towards a pullback on the resistance at 0.8134. This last bearish waves allow us to draw a short term bearish channel (purple lines in h1).
We continue to advise short positions as far as 0.82 is resistance. The breakout of 0.8088 will give a new sell signal and the price should then pursuit its movement towards 0.8050 and the support at 0.8017.
In case of return above 0.82, we will be neutral between this level and 0.8250 (level of the bearish gap).
Analysis published by Bruno, the 11/15/2012 at 08h55 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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