Wednesday, April 6, 2011

NZD/USD Technical Analysis For April 5, 2011

By ForexMansion.com

 

The NZD/USD pair printed a doji today, and as such could be running out of steam for the short term. When looking at the recent move, this can’t be too surprising. A pullback looks likely, but the momentum is still to the upside. A pullback to 0.75 could see massive support there, and present a buying opportunity. 0.78 looks to still be resistive.

Originally posted here

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