NZD/USD Technical Analysis (New Zealand Dollar / US Dollar) - Forex
International Business Times
  • Rate this Story
  • 0
  • 0

February 1, 2013 2:00 AM EST

Forextribe
Updated the:
01/31/2013
NZD/USD : New medium term bearish channel

Sentiment :
sentiment sur la parité AUD/USD
0,8393
sentiment sur la parité AUD/USD
0,8393
sentiment sur la parité AUD/USD

--- New analysis ---
The pair NZD/USD seems to have difficulties to choose a direction these days. The price ranged from support at 0.83 and the resistance at 0.8393. However, these movements have allowed us to bring up a new downtrend channel whose upper limit is now close.

>We therefore recommend to trade only short positions as far as 0.8393 is resistance. A return below 0.8350 would reinforce our bearish sentiment. The break of 0.83 will give a new sell signal and allow the price to test the next support at 0.8250.

In case of return above 0.8393, an output of the channel will be validated. A buy signal will be given.
Full analysis

Analysis published by Bruno, the 01/31/2013 at 09h15 GMT+2

- Complete sheet of the pair NZD/USD - Previous NZD/USD Analysis -
Chart of the pair NZD/USD - Timeframe 1H
NZD/USD Technical Analysis
Chart of the pair NZD/USD - Timeframe 4H
NZD/USD Technical Analysis
  • Rate this Story
  • 0
  • 0
For more reports, go to Forextribe

Join the Conversation

IBTimes TV



E-Newsletters

We value your privacy. Your email address will not be shared.