Daily Outlook on Minors/Crosses NZD/USD : July 8, 2013

nzd  DAILY NZD/USD OUTLOOK - 0.7711
08 Jul 2013 01:11GMT


Although nzd has recovered after failure to retest Jun's 0.7683 low n consolidation is seen, 0.7730/35 wud cap upside n bring another fall.

Sell on pullback as below said low wud extend MT fall to 0.7630/35. Only abv 0.7774 aborts, 0.7803.

STRATEGY : Sell at 0.7720

OBJECTIVE : 0.7640

STOP-LOSS : 0.7760

RES : 0.7748/0.7774/0.7803

SUP : 0.7683/0.7622/0.7520
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