The NZD/USD pair fell hard on Friday as the risk off trade came back into play for the markets in general. The pair is very risk sensitive as it follows commodities in general. The pair is approaching the bottom of the recent box, and it looks as if we could see support jump into the market. The pair is in a massive uptrend, and we prefer to buy the Kiwi in general. With this being said, we have a floor in this pair at 0.80 currently. As long as we are above that, we are willing to buy this pair on supportive candles, both daily and 4 hour.

NZD/USD

NZD/USD Forecast March 5, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.8275
0.8285
0.8291
0.8301
0.8307
0.8317
0.8323

 Fibonacci
0.8285
0.8291
0.8295
0.8301
0.8307
0.8311
0.8317

 Camarilla
0.8294
0.8295
0.8297
0.8301
0.8299
0.8301
0.8302

 Woodie's
-
0.8284
0.8290
0.8300
0.8306
0.8316
-

 DeMark's
-
-
0.8304
0.8299
0.8288
-
-