NZD/USD forecast for the week of September 24, 2012, Technical Analysis

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The NZD/USD pair had a volatile week, but finished unchanged before was all said and done. The Kiwi dollar is currently sitting above the 0.82 handle, and as such it looks like we are going to be finding quite a bit of support going forward. On a break of the highs from the previous week, we would go long of this pair as we think this pair will continue much higher in the light of central bank easing around the world. Remember, the Kiwi dollar is a commodity currency, and should benefit from all of the liquidity being tossed into the marketplace presently. We also see 0.80 was massively supportive too, so we will not sell.

 

NZD/USD forecast for the week of September 24, 2012, Technical Analysis

NZD/USD forecast for the week of September 24, 2012, Technical Analysis

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About:FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

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