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FX.co ★ NZD/USD Bullish Outlook, August 17, 2011 (Daily Strategy)

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Forex Analysis:::2011-08-17T13:57:24

NZD/USD Bullish Outlook, August 17, 2011 (Daily Strategy)

NZD/USD

NZD/USD Bullish Outlook, August 17, 2011 (Daily Strategy)

NZD/USD

After his fall last week to the level of 79.80, the New Zealand dollar - United States dollar pair has rebounded more or less around 300 points. This can be seen as a very strong sign for a change in direction and the start of a new wave of price increases in accord with the direction of the pair's main trend.

We note that the price is above the line of the triangle. We can point to a short-term goal to the level of 87,09, the stop loss, we can place under the edge of the triangle.

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