By FXEmpire.com
The NZD/USD pair rose on Friday to trigger our buy signal from the Thursday hammer that printed. The hammer was on the 0.81 support level, and this looks like we are going to continue higher overall, with the 0.8350 level being the main focus of concern for the bulls. However, this level is more than likely a minor one as it has only acted as such recently. The pair should continue up to the 0.85 level, and will continue to rise to new heights form there as well. We don’t like selling until we get a daily close well below the 50% Fibonacci retrace, which is roughly at the 79.50 level.
NZD/USD Forecast March 26, 2012, Technical Analysis
Originally posted here
