Commentary of the NZD/USD parity :

The break out of 0.7027 gave us a sell signal. Then, the support at 0.6996 acted perfectly as support. The break out of this level will give a new sell signal. We advise now to trade only short positions as far as 0.7080 is resistance. However, the break out of this level will give a buy signal.

See the previous analysis of the NZD/USD parity of March 24, 2010