NZD/USD Technical Analysis August 15, 2011

The NZD/USD pair fell and then rose on Friday, as the traders stepped in and took on more risk as the day grew older. The pair has been very bullish for quite some time, and it appears that it will continue to be so in to the future. The 0.80 is our line in the sand: If we go lower than the mark, we are not buying anymore. The 0.85 just ahead will probably cause a pullback if we go higher, and that could be your entry point to buy.

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