1: Open Directory Project | The Web Directory Solution Google+ Economic news: NZD - USD in a tight range

Friday, April 20, 2012

NZD - USD in a tight range

NZD/USD has been trading in this pretty tight range since the beginning of February, it seems like the 200 simple moving average is giving support. How long is it going to hold? Is this just a consolidation period that will bring the pair higher with a resume of the previous trend or shall we expect it to drop significantly lower? The Pivot points are calculated on a monthly base and clearly show the pair doesn't know where it want to go.   

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