NZD/USD Technical Analysis (New Zealand Dollar / US Dollar)
February 12, 2013 1:51 AM EST
|NZD/USD : trend reversal in progress?|
--- New analysis ---
We recommend to trade only short positions as far as 0.8394 is resistance. The break of 0.83 will give a new sell signal, a strong one. The trend reversal would be confirmed. We will then target the next support at 0.8250. In the short term, this scenario is reinforced by the presence of a new bearish slant (blue line).
In case of return above 0.8394, we would advise to trade long positions. The trend reversal will be aborted.
Analysis published by Bruno, the 02/11/2013 at 08h55 GMT+2
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