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Nzd/usd Parity The ParityTitle:
Technical analysis of the NZD/USD parity on July 1st, 2010
Commentary of the NZD/USD parity :
The bearish movement continues and the break out of 0.6896 gave us a new sell signal. Currently, the price is testing the support at 0.68. The break out of this level will give a new sell signal. We maintain to trade only short positions as far as 0.6896 is resistance.
See the previous analysis of the NZD/USD parity of June 30th, 2010
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Technical analysis of the NZD/USD parity on June 30th, 2010
Commentary of the NZD/USD parity :
The break out of 0.70 gave us a new sell signal. Then, the next support at 0.6896 has been reached. The break out of this level will give a new sell signal. We advise to trade only short positions as far as 0.70 is resistance.
See the previous analysis of the NZD/USD parity of June 29th, 2010
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Technical analysis of the NZD/USD parity on June 29th, 2010
Commentary of the NZD/USD parity :
The parity is making a return on 0.70. If this level is broken, a sell signal will be given and we could then advise to trade only short positions. At this time, we are neutral on the parity between 0.70 and 0.71. We will wait the break out of one of these two bands to take position.
See the previous analysis of the NZD/USD parity of June 28th, 2010
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Technical analysis of the NZD/USD parity on June 28th, 2010
Commentary of the NZD/USD parity :
After a correction stopped on the support at 0.70, the break out of 0.71 finaly gave us a new buy signal. 0.7158 again acted as resistance thereafter. The break out of this level will give a new buy signal. We advise to trade only long positions as far as 0.7033 is support. However, only a break out of 0.70 will allow us to trade short positions.
See the previous analysis of the NZD/USD parity of June 25th, 2010
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Technical analysis of the NZD/USD parity on June 25th, 2010
Commentary of the NZD/USD parity :
The parity broke its bullish slant (purple line) and we are now neutral on the parity between 0.70 and 0.71. We will wait a break out of one of these two bands to take positions :
- Long if 0.71 is broken
- Short if 0.70 is broken
See the previous analysis of the NZD/USD parity of June 24th, 2010
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Technical analysis of the NZD/USD parity on June 24th, 2010
Commentary of the NZD/USD parity :
0.7158 again acted as resistance. The break out of this level will give a new buy signal. Then, the parity made a correction towards the bullish slant which is currently tested. We maintain to trade only long positions as far as the slant is support. In case of break out, we will stay neutral. Only a break out of 0.70 will allow us to trade short positions.
See the previous analysis of the NZD/USD parity of June 23th, 2010
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Technical analysis of the NZD/USD parity on June 23th, 2010
Commentary of the NZD/USD parity :
The correction seems to have ended on the bullish slant (purple line). We maintain to trade only long positions as far as the slant is support. The break out of 0.7158 will give a new buy signal. If the slant is broken, we will stay neutral. Only a break out of 0.70 will allow us to trade short positions.
See the previous analysis of the NZD/USD parity of June 22th, 2010
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Technical analysis of the NZD/USD parity on June 22th, 2010
Commentary of the NZD/USD parity :
A correction occured on the parity and the bullish gap has been fulfilled. We maintain to trade only long positions as far as the bullish slant is support. The break out of 0.7158 will give a new buy signal.
See the previous analysis of the NZD/USD parity of June 21th, 2010
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Technical analysis of the NZD/USD parity on June 21th, 2010
Commentary of the NZD/USD parity :
A bullish gap occured at the opening and the break out of 0.71 gave us a new buy signal. Then, 0.7158 acted as resistance. The break out of this level will give a new buy signal. Be careful, the bullish gap has not been fulfilled and so a correction is possible. However, we maintain to trade only long positions as far as the bullish slant (purple line) is support.
See the previous analysis of the NZD/USD parity of June 18th, 2010
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