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FX.co ★ NZD/USD Bearish Outlook, May 31, 2011 (Daily Strategy)

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Forex Analysis:::2011-05-31T12:05:25

NZD/USD Bearish Outlook, May 31, 2011 (Daily Strategy)

NZD/USD Bearish Outlook, May 31, 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 Monthly resistance around 0.8280. 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 around the 0.8040 level. Is important to note That, the MACD indicator, mark to overbought and a potential reversal of the trend.

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