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Nzd/usd Parity On AugustTitle:
Technical analysis of the NZD/USD parity on september 1st, 2010
Commentary of the NZD/USD parity :
The breakout of 0.7024 (level 61.80%) has been validated and so a new sell signal is given. Currently, the parity is testing a pullback on this level. We maintain to trade only short positions as far as 0.7050 is resistance. The break out of 0.6950 will give a new sell signal. However, if 0.7050 is broken, we will be neutral on the parity.
See the previous analysis of the NZD/USD parity of August 31th, 2010
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Technical analysis of the NZD/USD parity on August 31th, 2010
Commentary of the NZD/USD parity :
A strong bearish movement occured and 0.7095 has been broken, giving us a sell signal. Currently, the parity is testing the next support at 0.7024 (level 61.80%). If the breakout is validated, a new sell signal will be given. The next support is at 0.6950. We maintain to trade only short positions as far as 0.7068 is resistance.
See the previous analysis of the NZD/USD parity of August 30th, 2010
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Technical analysis of the NZD/USD parity on August 30th, 2010
Commentary of the NZD/USD parity :
The bearish slant has been broken and the resistance at 0.7095 is now support. We now advise to trade only long positions as far as this level is support. This level is our pivot point. If the price get back below 0.7095, we could trade again short positions.
See the previous analysis of the NZD/USD parity of August 27th, 2010
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Technical analysis of the NZD/USD parity on August 27th, 2010
Commentary of the NZD/USD parity :
0.7050 is still resistance on the parity. We maintain to trade only short positions as far as it is the case. A bearish slant seems to lead the bearish movement. A return below 0.7024 will indicate a take up of the bearish movement. However, if 0.7050 is broken, we will stay neutral between this level and 0.7095.
See the previous analysis of the NZD/USD parity of August 26th, 2010
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Technical analysis of the NZD/USD parity on August 26th, 2010
Commentary of the NZD/USD parity :
A new lowest has been made on 0.6950 but then a correction occured. Currently, the parity is testing the resistance at 0.7024. We maintain to trade only short positions as far as 0.7050 is resistance. A return below 0.7024 will indicate a take up of the bearish movement. However, if 0.7050 is broken, we will be neutral on the parity between 0.7050 and 0.7095.
See the previous analysis of the NZD/USD parity of August 25th, 2010
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Technical analysis of the NZD/USD parity on August 25th, 2010
Commentary of the NZD/USD parity :
The parity continues its bearish movement and is currently testing 0.7024 (level 61.80% of fibonacci retracements). The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 0.7070 is resistance. However, only a breakout of 0.7095 will allow us to trade long positions.
See the previous analysis of the NZD/USD parity of August 24th, 2010
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Technical analysis of the NZD/USD parity on August 24th, 2010
Commentary of the NZD/USD parity :
The parity made a pullback on 0.7095 (level 50% of fibonacci retracements) and then took up its bearish movement. Currently, the parity is testing the support at 0.7024 (level 61.80%). The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 0.7095 is resistance. If this level is broken, a buy signal will be given.
See the previous analysis of the NZD/USD parity of August 23th, 2010
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Technical analysis of the NZD/USD parity on August 23th, 2010
Commentary of the NZD/USD parity :
A double bottom shaped on the level 61.80% at 0.7024 of fibonacci retracements. This could let us thinking to a reversal in W if the neck line at 0.7166 (level 38.20%) is broken. At this time, we maintain to trade only short positions as far as 0.7095 is resistance. The breakout of 0.7024 will give a new sell signal. However, if 0.7095, a buy signal will be given.
See the previous analysis of the NZD/USD parity of August 20th, 2010
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Technical analysis of the NZD/USD parity on August 20th, 2010
Commentary of the NZD/USD parity :
A strong bearish movement occured and the level 50% of fibonacci retracement at 0.7095 has been broken. So, a sell signal has been given. We advise to trade the parity according to this level. Below 0.7095, we advise to trade only short positions and the breakout of 0.7024 (level 61.80%) will give a new sell signal. However, we will advise to trade only long positions if 0.7095 get back as support.
See the previous analysis of the NZD/USD parity of August 19th, 2010
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