NZD/USD Technical Analysis for July 20, 2011 |
posted 15:54 07/19/11
The NZD/USD pair shot straight up on Tuesday as traders bought into everything risk-related around the world. The Kiwi has been on a tear lately, and shorting this pair has only brought massive pain to traders. The pair looks like it is ready to be in the 0.85 and above range for a while, and now that the 0.85 psychological level has been cleared – one can only think that 0.90 might be in the future as well.

Originally posted here.
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