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Nzd/usd Parity The MovementTitle:
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
Title:
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 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 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 ...
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Technical analysis of the NZD/USD parity on september 29th, 2010
Commentary of the NZD/USD parity :
The pullback on 0.7323 has been validated and the bullish movement took up. Currently, the parity is testing a major resistance linking all the last highest (july 27th - September 14th and 22th). The breakout of this level will give an important buy signal. We maintain to trade only long positions as far as 0.7350 is support. In case of breakout, we will be neutral.
See the previous analysis of the NZD/USD parity of September 28th, 2010
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Technical analysis of the NZD/USD parity on september 23th, 2010
Commentary of the NZD/USD parity :
After the test of the resistance at 0.7395, a strong bearish movement occured and the parity is currently testing the support at 0.73. This level is our key level :
- Above 0.73, we advise to trade only long positions
- Below 0.73, we advise to trade only short positions
See the previous analysis of the NZD/USD parity of September 22th, 2010
Title:
Technical analysis of the NZD/USD parity on september 22th, 2010
Commentary of the NZD/USD parity :
A strong bullish movement occured on the parity and 0.73 has been finaly broken, giving us a buy signal. Currently, the parity is going to test the last highest at 0.7395 which allowed us to draw fibonacci retracements. The breakout of this level will give a new buy signal. We maintain to trade only long positions as far as 0.7321 is support.
See the previous analysis of the NZD/USD parity of September 21th, 2010
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Technical analysis of the NZD/USD parity on september 17th, 2010
Commentary of the NZD/USD parity :
The parity broke the support at 0.7253 and then a strong bullish movement started on the parity. Currently, the parity is testing the resistance at 0.73. We advise to trade the parity according to this level:
- Long if 0.73 is support
- Short is 0.73 is resistance.
See the previous analysis of the NZD/USD parity of September 16th, 2010
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