By FXEmpire.com
The NZD/USD pair fell for much of the week previous, but managed a bounce from the 0.81 level. This is the third hammer in a row, and as such the market is sending a few strong bullish signals going forward. With this in mind, we are buying the Kiwi on a break of the previous week’s highs. We think that the 0.8450 level will be tested as resistance on the longer term charts fairly soon, and that they will give way as the trend continues. Selling isn’t’ possible until we are well south of 0.80 or so.
NZD/USD Forecast for the Week of March 26, 2012, Technical Analysis
Originally posted here
