NZD/USD analysis of the week (4h candlesticks)

 @ibtimes on December 11 2009 12:38 AM

The parity tested its resistance at 0.7320 but then, the price got back into its bearish channel. So, we will advise to trade only short positions with a stop loss just above the last highest and target a return on 0.7198. However, if 0.7320 is broken, this will give a buy signal.

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