The NZD/USD pair had a fairly quiet session on Monday as the pair approached the previous bottom of consolidation from the month of February. The 0.8250 level is a bit of an area of focus as the market will use it to decide which direction it wants to go next. If we break the highs from the Monday session, this will be the doji giving way in order to send us up as high as the 0.8450 level in the immediate future. A breaking of the bottom of the Monday session has us ignoring the sell signal as the uptrend is so strong overall.

NZD/USD

NZD/USD Forecast March 20, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.8147
0.8186
0.8212
0.8250
0.8277
0.8316
0.8342

 Fibonacci
0.8186
0.8210
0.8226
0.8250
0.8275
0.8291
0.8316

 Camarilla
0.8221
0.8227
0.8233
0.8250
0.8244
0.8250
0.8256

 Woodie's
-
0.8182
0.8206
0.8248
0.8271
0.8312
-

 DeMark's
-
-
0.8264
0.8244
0.8199
-
-