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FX.co ★ NZD/USD Rebound , February 16, 2011 (Daily Strategy)

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Forex Analysis

2011-02-16T13:54:22
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NZD/USD Rebound , February 16, 2011 (Daily Strategy)

NZD/USD Rebound , February 16, 2011 (Daily Strategy)

NZD/USD

A look on graph (daily) of the New Zealand dollar – United States dollar pair shows that the technical image on the pair is consolidating, showing an attractive buy opportunity.
The downward pressure has remained in the 1st weekly support, at 0.7513 from here,
We mention that, the pair will go to touch his pivot Monthly during these days around 0.7680,United States dollars for one New Zealand dollar.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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