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

nzdusd
gbpusd


Information
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Updated the:
07/28/2014
NZD/USD : Strong drop of the pair !

Sentiment :
sentiment sur la parité AUD/USD
0,8650
sentiment sur la parité AUD/USD
0,86
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair NZD/USD continued its bearish rally and broke last Friday the fibonacci retracement 61.80% to 0.8568, giving us a new sell signal. In the short term, the price moves along the lower limit of its bearish channel (orange lines). The price should test soon the major support at 0.8520 and a technical level rebound could occur.

We continue to advise short positions (sell) as far as 0.86 is resistance. The breakout of 0.8520 will give a new sell signal and should open the way towards 0.8467.

In case of return above 0.86, we will advise to remain neutral between this level and 0.8650 (upper limit of the channel).

ps : Traders with a more aggressive strategy could trade the pair according to 0.8619 (level 50%) - Long above; Short below.

Full analysis

Analysis published by Bruno Dupray, the 07/28/2014 at 09h10 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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