By FX Empire.com
NZD/USD has stalled recently as the 0.8350 level continues to be resistive. The last two weeks have produced shooting stars and shows just how heavy the market is starting to get. The massive move straight up hasn’t pulled back yet, and as a result it looks as if we could see that in the near future. The breaking of the 0.8230 level shows the recent range being broken, and the pullback would begin. A break of the tops of the last two candles would show more bullish momentum, and have us long.
NZD/USD Forecast for the Week of February 20, 2012, Technical Analysis
Originally posted here
