NZD/USD Technical Analysis
(New Zealand Dollar / US Dollar)

nzdusd
gbpusd


Updated the:
07/25/2014
NZD/USD : Strong drop of the pair !

Sentiment :
sentiment sur la parité AUD/USD
0,8670
sentiment sur la parité AUD/USD
0,8619
sentiment sur la parité AUD/USD

--- Follow up analysis ---
After a break for a few days, a new drop occured on the pair NZD/USD. The price broke the fibonacci retracements 38.20% at 0.8670 and 50% at 0.8619, giving us both a new sell signal. This morning, the price is testing the next fibonacci retracement at 61.80% to 0.8568. In the short term, the price is moving into a new bearish channel (orange lines).

We continue to advise short positions (sell) as far as0.8618 is resistance. The breakout of 0.8568 will give a new sell signal and should allow a test of the major support at 0.8520.

In case of return above 0.8619, we will again advise to remain neutral between this level and 0.8670.

Full analysis

Analysis published by Bruno Dupray, the 07/25/2014 at 09h00 GMT+2


Chart of the pair NZD/USD - Timeframe 1H
NZD/USD Technical Analysis

Chart of the pair NZD/USD - Timeframe 4H
NZD/USD Technical Analysis

Live NZD/USD Chart - Timeframe : 1H*
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