Wednesday, September 26, 2012

NZD/USD intraday: the downside prevails.


Pivot: 0.825
Our preference: Short positions below 0.825 with targets @ 0.8155 & 0.813 in extension.
Alternative scenario: Above 0.825 look for further upside with 0.828 & 0.8315 as targets.
Comment: the RSI is bearish and calls for further downside.

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