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

nzdusd
gbpusd


Updated the:
04/23/2014
NZD/USD : Is the major support at 0.85 will stand ?

Sentiment :
sentiment sur la parité AUD/USD
0,8640
sentiment sur la parité AUD/USD
0,86
sentiment sur la parité AUD/USD

--- Follow up analysis ---
Earlier this week, the pair NZD/USD stumbled on the support at 0.8564 and has started yesterday a correction. This has resulted in a output from its short term falling wedge (blue lines - reversal pattern). After to have completed a double top on 0.8620, the price is trying  =this morning to bounce on the support at 0.86.

We are neutral between 0.86 and 0.8640. We recommend to trade the pair outside this range :

- Trade only long positions (buy) above 0.8640. A return on 0.87 will be expected but beware of the upper limit of the old medium term bullish channel (purple lines) which could act as resistance.

- Trade only short positions (sell) below 0.86. A new test of the low at 0.8564 should then occur.

ps : Traders with a more aggressive strategy could trade the pair according to 0.86 (long above; Short below).

Full analysis

Analysis published by Bruno Dupray, the 04/23/2014 at 08h20 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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