The NZD/USD fell on Monday, as the pair broke down from the recent consolidation area that was marked at 0.8450 and the 0.8250 level. The pair looks a bit weak at this point, but in the bigger scheme of things, this pair is still very bullish overall. Because of this, we are willing to let the pair fall a bit and comeback to us. The 0.82 level could be supportive, and the 0.80 will most certainly be so. On a sign of support at either level, we are willing to buy this pair. A break above the 0.450 level has us holding onto the pair for the longer-term.

NZD/USD

NZD/USD Forecast March 6, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
0.7959
0.8046
0.8101
0.8188
0.8243
0.8330
0.8385

 Fibonacci
0.8046
0.8100
0.8134
0.8188
0.8242
0.8276
0.8330

 Camarilla
0.8116
0.8129
0.8142
0.8188
0.8169
0.8182
0.8195

 Woodie's
-
0.8038
0.8084
0.8180
0.8226
0.8322
-

 DeMark's
-
-
0.8215
0.8174
0.8073
-
-