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FX.co ★ NZD/USD Bearish Outlook, June 10, 2011 (Daily Strategy)

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Forex Analysis

2011-06-10T12:35:44
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NZD/USD Bearish Outlook, June 10, 2011 (Daily Strategy)

NZD/USD Bearish Outlook, June 10, 2011 (Daily Strategy)

NZD/USD

The analysis of the daily graph of the New Zealand dollar - United States dollar pair show the potential change of trend in the short term, the price of the pair is fluctuating near the first weekly resistance around 0.8259. If in the course of the day the price of the pair trading below this level, would be a clear signal to enter an agreement of sale with a first goal in the fractal formed around the 0.8060 level and final goal in the monthly pivot around 0.7880.

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