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

By IBTimes Staff Reporter | December 29 2009 2:36 AM

0.7070 is now support. However, the bullish slant is still resistance and as far as it is the cas, the buy signal will not be given (if the signal is given, we will advise to trade only long positions as far as 0.7070 is support). But, if 0.7070 is broken, a sell signal will be given. A new divergence appears on the RSI and goes on this way. width=450

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