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FX.co ★ NZD/USD Buy Above 0,8487 , August 04, 2011 (Daily Strategy)

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Forex Analysis

2011-08-04T13:38:08
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NZD/USD Buy Above 0,8487 , August 04, 2011 (Daily Strategy)

NZD/USD Buy Above 0,8487 , August 04, 2011 (Daily Strategy)

NZD/USD

The analysis of the 30 minutes graph of the New Zealand dollar - United States dollar pair show stagnation, the price of the pair is fluctuating near the third weekly resistance around 0.8487. If in the course of the day the price of the pair trading above this level, would be a clear signal to enter an agreement of buy with a goal in the weekly Pivot around the 0.8740 level. Is important to note That, the MACD indicator, mark to oversold and a potential reversal of the trend.

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