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Nzd/usd Parity On OctoberTitle:
Technical analysis of the NZD/USD parity on October 14th, 2010
Commentary of the NZD/USD parity :
The parity continues its bullish movement and the breakout of the major resistance at 0.76 gave us a new buy signal. The next resistance is at 0.7650. We maintain to trade only long positions as far as 0.7562 is support. The breakout of 0.7650 will give a new buy signal.
See the previous analysis of the NZD/USD parity of October 13th, 2010
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Technical analysis of the NZD/USD parity on October 13th, 2010
Commentary of the NZD/USD parity :
After a false breakout of 0.75, the bullish movement finaly took up. The return above 0.75 gave us a buy signal. THen, 0.7550 has been broke,, giving us another buy signal. We maintain to trade only long positions as far as 0.7528 is support. THe breakout of 0.76 (major resistance) will give a new buy signal. However, if 0.7528 is broken, we will be neutral.
See the previous analysis of the NZD/USD parity of October 12th, 2010
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Technical analysis of the NZD/USD parity on October 12th, 2010
Commentary of the NZD/USD parity :
The parity didn't succeed to break the resistance at 0.7550 and is currently testing a pullback on 0.75. We maintain to trade only long positions as far as this level is support. The breakout of 0.7550 will give a new buy signal. However, if 0.75 is broken, we will stay neutral between this level and 0.7450.
See the previous analysis of the NZD/USD parity of October 11th, 2010
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Technical analysis of the NZD/USD parity on October 11th, 2010
Commentary of the NZD/USD parity :
The parity got out of the range (0.7472 - 0.7530) from the top and so a buy signal has been given. We advise to trade only long positions as far as 0.75 is support. The breakout of 0.7550 will comfort our bullish feeling. The breakout of 0.76 (major resistance) will give a new buy signal. However, if the price get back below 0.75, we will be neutral.
See the previous analysis of the NZD/USD parity of October 8th, 2010
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Technical analysis of the NZD/USD parity on October 8th, 2010
Commentary of the NZD/USD parity :
The major resistance at 0.76 led to a correction, pushing back the price below 0.75. We are neutral on the parity between 0.7472 and 0.7530. We will wait an exit of this range to take position:
- Long if 0.7530 is broken. The breakout of 0.76 will give a new buy signal
- Short if 0.7472 is broken. A return below 0.7450 will confirm the sell signal
See the previous analysis of the NZD/USD parity of Ocotber 7th, 2010
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Technical analysis of the NZD/USD parity on October 7th, 2010
Commentary of the NZD/USD parity :
The parity continues its bullish movement and the breakout of 0.75 gave us a new buy signal. The parity which is moving into a bullish channel can take support on the upper band. We maintain to trade only long positions as far as 0.75 is support. The next resistance is at 0.7550 (currently tested) and then we will target the major daily resistance at 0.76.
See the previous analysis of the NZD/USD parity of Ocotber 6th, 2010
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Technical analysis of the NZD/USD parity on October 6th, 2010
Commentary of the NZD/USD parity :
The pullback on the support at 0.7395 (major support) has been validated and the bullish movement took up. Then, the breakout of the resistance at 0.7450 gave us a new buy signal and currently, the parity is testing a major resistance at 0.75. We maintain to trade only long positions as far as 0.7450 is support. THe breakout of 0.75 will give a new buy signal.
See the previous analysis of the NZD/USD parity of Ocotber 5th, 2010
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Technical analysis of the NZD/USD parity on October 5th, 2010
Commentary of the NZD/USD parity :
The parity tested the resistance at 0.7450 but this level led to a correction. Currently, the parity is testing a pullback on 0.7395 (major support). We maintain to trade only long positions as far as this level is support. The breakout of 0.7450 will give a new buy signal. However, if 0.7395 is broken, we will stay neutral, a return on the bullish slant will be then expected.
See the previous analysis of the NZD/USD parity of Ocotber 4th, 2010
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Technical analysis of the NZD/USD parity on October 4th, 2010
Commentary of the NZD/USD parity :
The ascending triangle annouced it, the resistance at 0.7395 linking all the last highest has been broken ,giving us a new buy signal. We maintain to trade only long positions as far as 0.7395 is support. A pullback on this level is possible before a take up of the bullish movement. The breakout of 0.7450 will give a new buy signal. However, if the price gets back below 0.7395, we will stay neutral and we will wait a return above this level to trade long positions.
See the previous analysis of the NZD/USD parity of Ocotber 1st, 2010
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