NZD/USD: short trend in four hours

By IBTimes Staff Reporter | March 03 2010 9:33 AM

It seems that the NZD can't hold the dollar's strength. If it closes a daily candle under 0.69, it will try to beat February's low (annual). Clearing this area will leave the door open to September 2009 lows. Above, regaining 0.6922 could give an opportunity to seek today's high at 0.6986. Finally, there's a short trend on the four hours chart marked from February's high. If the pair goes up, it must be taken into account.

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