The NZD/USD rose during the Friday session as the pair slammed into the bottom of the recent consolidation range. The 0.8250 was support, and now will attempt to be resistive. However, the pair is in an uptrend, so we think that sooner or later the pair will rise above it. In the meantime though, we need to see a daily close above that level in order to get long. After that, we look to see if the 0.8450 level gives way, allowing the pair to rise much further. We don't consider selling until we get a daily close below the 0.80 level.

NZD/USD

NZD/USD Forecast March 19, 2012, Technical Analysis

NZD/USD Pivot Points (Time Frame: 1 Day)

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.8241
0.8246
0.8250
0.8255
0.8259
0.8264
0.8268

 Fibonacci
0.8246
0.8249
0.8252
0.8255
0.8258
0.8261
0.8264

 Camarilla
0.8252
0.8252
0.8253
0.8255
0.8255
0.8256
0.8256

 Woodie's
-
0.8246
0.8250
0.8255
0.8258
0.8264
-

 DeMark's
-
-
0.8257
0.8254
0.8248
-
-