Tuesday, July 11, 2006

NZDUSD update

NZDUSD
last post on this pair was accurate call for a bottom, and turned to be a good buy call (~0.5960/50) for ~200 pips at current market price (0.6167).
Now watch 0.6198<>0.6233 for a possible retrace, but I would expect it to possibly go up to 0.6269<>0.6336
Still no clear answers to those questions. we need to let the market develop more clues, before we can have the answers.
I'm still not really convinced we have a bottom...
I'll try preparing more detailed analysis during the weekend.
I also consider continuing my video analysis series.
ID

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