0.7238 has been overran and gave us a new buy signal. Then, our objective at 0.7320 has been reached. We will still advise to trade only long positions as far as the fibonacci retracement 23.60% (0.7213) of the last bearish movement is support. The break out of this level will give a sell signal.

http://www.tribuforex.fr/img_vrac_2/nzdusd05112009