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

By IBTimes Staff Reporter | February 09 2010 5:17 AM

0.68 has not been broken and the parity is currently testing the resistance at 0.6897. A break out of this level will indicate that the correction will pursuit towards 0.6950 and 0.7013 in extension. However, the trend will remain bearish and we will maintain to trade only short positions as far as the parity is moving into its channel. A break out of 0.68 will give a new sell signal.

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