Tuesday, July 26, 2011

NZD/USD Technical Correction - 26 July 2011


The New Zealand dollar – United States dollar pair recorded sharp increases esadounidense in recent days. It is estimated that the pair will continue the upward movement, at least until the next significant resistance level around 0.9000. New Zealand dollars per U.S. dollar.

The current price of the pair is on the cusp right now and there is probably a technical correction in the hope that this will crystallize. A fall in the direction of the level of 0.8484 could provide us with a good opportunity to sell.

Performed by Gerardo Porras Palomino, Analytical expert

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