By FXEmpire.com
The NZD/USD pair had a fairly quiet session on Monday as the pair approached the previous bottom of consolidation from the month of February. The 0.8250 level is a bit of an area of focus as the market will use it to decide which direction it wants to go next. If we break the highs from the Monday session, this will be the doji giving way in order to send us up as high as the 0.8450 level in the immediate future. A breaking of the bottom of the Monday session has us ignoring the sell signal as the uptrend is so strong overall.
NZD/USD Forecast March 20, 2012, Technical Analysis
Originally posted here
