|NZD/USD : Horizontal channel between 0.83 and 0.8463|
--- Follow up analysis ---
>We continue to advise long positions as far as 0.8395 is support. This level corresponds to the medium-term bullish slant (black line). The resistance at 0.85 should be crossed quickly to allow the price to test the resistance dating from the end of August 2011 at 0.8550.
On the short term, the break of the bullish slant and a return below 0.8350 would probably lead the price for a pullback on 0.8395. If this level is broken, we will be neutral between 0.8350 and 0.8395.
Analysis published by Bruno, the 02/14/2013 at 08h55 GMT+2
|- Complete sheet of the pair NZD/USD - Previous NZD/USD Analysis -|
|Chart of the pair NZD/USD - Timeframe 1H|
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