NZD/USD Forecast October 23, 2012, Technical Analysis

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The NZD/USD pair did very little during the session on Monday, as it continues to grind just above the 0.81508 level. Because of this, we simply don’t see much of a trade in this market, and are avoiding it. However, we do accept the fact that it currently looks like it’s trying to form a bit of a base in order to continue going higher. In order for us to get involved in this marketplace, we would need to see the 0.8225 level broken on the upside in order to start buying. Until that happens, we will be very flat of the New Zealand dollar.


NZD/USD Forecast October 23, 2012, Technical Analysis

NZD/USD Forecast October 23, 2012, Technical Analysis

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About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the 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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