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Commentary Of The Nzd/usd ParityTitle:
Technical analysis of the NZD/USD parity on June 15th, 2010
Commentary of the NZD/USD parity :
The resistance at 0.6940 has been broken, giving us a new buy signal. Then, 0.70 has been reached but the upper band of our former bearish channel acted as resistance. Currently, the parity is making a correction but we maintain to trade only long positions as far as 0.6870 is support. If this level is broken, we will stay neutral. However, the break out of 0.70 will give a new buy signal.
See the previous analysis of the NZD/USD parity of June 14th, 2010
Title:
Technical analysis of the NZD/USD parity on June 14th, 2010
Commentary of the NZD/USD parity :
The resistance at 0.6940 is currently tested. The break out of this level will give a new buy signal. We could then target 0.70. We maintain to trade only long positions as far as 0.6870 is support. A pullback on this level is possible as far as 0.6940 is resistance. If 0.6870 is broken, we will stay neutral.
See the previous analysis of the NZD/USD parity of June 11th, 2010
Title:
Technical analysis of the NZD/USD parity on June 11th, 2010
Commentary of the NZD/USD parity :
A strong bullish movement occured on the parity, breaking the lower band of our former bearish channel and so the buy signal is given. Currently, the parity is making a correction. We advise to trade only long positions as far as 0.6750 is support. The objective is at 0.6940. The break out of this level will give a new buy signal.
See the previous analysis of the NZD/USD parity of June 10th, 2010
Title:
Technical analysis of the NZD/USD parity on June 10th, 2010
Commentary of the NZD/USD parity :
0.67 has been broekn and so we are neutral on the parity. We will wait either a return below 0.67 to trade again short positions, either a break out of the lower band of the former bearish channel (black line) to enter long. Indicators are at this time globaly bullish.
See the previous analysis of the NZD/USD parity of June 9th, 2010
Title:
Technical analysis of the NZD/USD parity on June 9th, 2010
Commentary of the NZD/USD parity :
0.67 is still resistance and as far as it is the case, we maintain to trade only short positions. A break out of the lowest of May 25th at 0.6561 will give a new sell signal. We could then target 0.65. However, if 0.67 is broken, we will stay neutral on the parity. Indeed, it is impossible for us to advise long positions as far as the lower band of the former bearish channel (black line) is resistance.
See the previous analysis of the NZD/USD parity of June 8th, 2010
Title:
Technical analysis of the NZD/USD parity on June 8th, 2010
Commentary of the NZD/USD parity :
The parity broke its support at 0.6640, giving us a new sell signal. The obejctive is now the lowest of May 25th at 0.6561. The break out of this level will give a new sell signal. We maintain to trade only short positions as far as 0.67 is resistance. If this level is broken, we will stay neutral.
See the previous analysis of the NZD/USD parity of June 7th, 2010
Title:
Technical analysis of the NZD/USD parity on June 7th, 2010
Commentary of the NZD/USD parity :
A strong bearish movement occured on the parity which broke its bullish slant. So, a sell signal has been given. Currently, the parity is testing the support at 0.6640. The break out of this level will give a new sell signal. We could then target the last lowest at 0.6561. We advise to trade only short positions as far as 0.6750 is resistance.
See the previous analysis of the NZD/USD parity of June 4th, 2010
Title:
Technical analysis of the NZD/USD parity on June 4th, 2010
Commentary of the NZD/USD parity :
The lower band of our former bearish channel is finaly giving resistance. The break out of this slant will confirm our bullish feeling. The break out of 0.6940 will give a new buy signal. We maintain to trade only long positions as far as the bullish slant is support. However, if the slant is broken, we could trade again short positions.
See the previous analysis of the NZD/USD parity of June 3rd, 2010
Title:
Technical analysis of the NZD/USD parity on June 3rd, 2010
Commentary of the NZD/USD parity :
The bullish slant allowed a new rebound of the parity and 0.6840 has just been broken. So, a buy signal is given. We advise now to trade only long positions as far as the slant is support. The break out of the resistance at 0.6940 will give a new buy signal. However, if the slant is broken, we could trade again short positions.
See the previous analysis of the NZD/USD parity of June 2nd, 2010
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