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FX.co ★ NZD/USD Technical Correction , April 22, 2011 (Daily Strategy)

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Forex Analysis:::2011-04-22T12:31:11

NZD/USD Technical Correction , April 22, 2011 (Daily Strategy)

NZD/USD Technical Correction , April 22, 2011 (Daily Strategy)

NZD/USD

The technical chart of the New Zealand dollar - United States dollar reflects definite signs of reversal potential of the pair, who endured increases in recent weeks.but, it is estimated that if the negative sentiment is heightened within that investors continue impacting the pair to be heading towards the lower support level around 0.7650.

If the latter daily candle closes bearish, and below are the highest recorded, it would be a sign of a correction or even a change of trend. There is a support in the fractal formed around 0.7830 we estimate that there will be our first goal, and wait that if the price continues to decline will continue selling. At this level is more probably that the price returns to its maximum levels.

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