Thursday, July 25, 2013

NZDUSD Price Action: Breaks out, remains bullish. July 25, 2013

"Break of supply Zone, further bullish bias" This was the headline to the last commentary I ran on the Kiwi and price has equally remained bullish, inline with expectations after a minor retracement into the zone I had considered as its new support. While we anticipate even further bullishness on this pair, it won't be out of place to get rotations back into its demand zones as indicated in the chart above. Bullish trade setups would be sort at about those zones if indeed the pair rotates lower.

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