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

By IBTimes Staff Reporter | March 03 2010 5:09 AM

The commentary of yesterday is unchanged : 'The parity is still moving into its bearish channel and we maintain to trade only short positions. 0.6997 is also acting as resistance. The parity is currenlty testing a break out of 0.6957 (level 23.60%) and could give us a new sell signal. If an exit of the channel occur, we will stay neutral between 0.6997 and 0.7050.'

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