NZD/USD Technical Analysis (New Zealand Dollar / US Dollar) - Forex
International Business Times
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February 8, 2013 3:11 AM EST

Forextribe
Updated the:
02/07/2013
NZD/USD : Towards new annual highs

Sentiment :
sentiment sur la parité AUD/USD
0,8394
sentiment sur la parité AUD/USD
0,8350
sentiment sur la parité AUD/USD

--- Follow up analysis ---
After a long test of the major resistance at 0.8461 for several days, a correction has finally occured. The price is back in the neutral zone between the major support at 0.8350 and resistance at 0.8394. The pair is also making a pullback on the upper band of the former downtrend channel (black lines).

>We advise to wait an exit of the range 0.8350/0.8394 to take position:

- Long in case of return above 0.8394. A new test of the resistance at 0.8461 would be expected for a fourth test (generally a sign of breakout). In extension, 0.85 would be in line of sight.

- Short if 0.8350 is broken. A return on 0.83 should then intervene at first and then in extension,0.8250 could be the next objective.
Full analysis

Analysis published by Bruno, the 02/07/2013 at 08h45 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
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