Technical analysis of the NZD/USD parity on July 21th, 2010

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#1 21-07-2010 10:28:53

Bruno: Administrateur; Registered: 07-12-2008; Posts: 4541; Reputation : 0

Technical analysis of the NZD/USD parity on July 21th, 2010

Commentary of the NZD/USD parity :

The movement finaly pursuit and the breakout of 0.7157 gave us a buy signal. We advise to trade only long positions as far as this level is support. If this level is broken, we could trade again short positions. So 0.7157 is our key level.

http://www.tribuforex.fr/analyses/FOREX/nzdusd-21072010.png

See the previous analysis of the NZD/USD parity of July 20th, 2010

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» Follow up of Tribuforex analysis

» Technical analysis of the NZD/USD parity on July 21th, 2010

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FOREX stands for Foreign Exchange - which means currency market. The Forex market is where currencies are sold, bought, in the form of parity. On the Forex market, all currencies are traded in real time, 24h/24h, 7J/7J. The Forex is open since few years to individuals, single investors wishing to diversify their investments or pure speculators. The access to foreign exchange market for individuals is offered through Forex Brokers.
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