NZD/USD Forecast April 18, 2012, Technical Analysis

The NZD/USD pair rose during the Tuesday session as the commodities around the world was bought in general. With this being the case, the Kiwi dollar of course got purchased. The 200 day EMA is just below, and it looks to support this pair going forward. The 0.82 level now looks to be supportive as well, and as a result we think the pair rises over time. On a break of the high of the Tuesday session, we are buying. As for selling, we won’t do it until we are well below the 0.7950 level. 

NZD/USD Forecast April 18, 2012, Technical Analysis
NZD/USD Forecast April 18, 2012, Technical Analysis

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