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FX.co ★ NZD/USD Around Second Weekly Resistance, 0,8149 May 27, 2011 (Daily Strategy)

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Forex Analysis:::2011-05-27T12:21:34

NZD/USD Around Second Weekly Resistance, 0,8149 May 27, 2011 (Daily Strategy)

NZD/USD Around Second Weekly Resistance, 0,8149 May 27, 2011 (Daily Strategy)

NZD/USD

The analysis of the 4 hours 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 second weekly resistance around 0.8149. 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 goal in the monthly Pivot around the 0.7930 level. Is important to note That, the MACD indicator, mark to overbought and a potential reversal of the trend.

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