NZD/USD Forecast July 30, 2012, Technical Analysis

posted
By FX Empire Analyst - Christopher Lewis
Print
Font Size
T
T
T
Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The NZD/USD pair continued the massive move higher on Friday as the markets continue to expect central bank easing in Europe this week. The Federal Reserve could of course add to the easing as well, and the European Central Bank will almost certainly do so. This should push higher the prices of commodities, and the Kiwi as a result as well.|

The pair broke out of the recent consolidation area on Friday, and as such we feel this pair should continue higher. The 0.80 level should now serve as support also, so now we have a reference as to where the bulls would have failed.

NZD/USD Forecast July 30, 2012, Technical Analysis

NZD/USD Forecast July 30, 2012, Technical Analysis

Find a Broker
Continue to FX Empire Network