Technical analysis of the NZD/USD parity on March 25th, 2010

By IBTimes Staff Reporter | March 25 2010 4:48 AM

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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

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