Trade Alerts, Trend Reports and Opinions by FX Options
New Zealand dollar: the downside prevails.
March 24, 2010 at 7:45 am • Posted in Daily Trend Report
New Zealand Dollar
| Pivot: 146.5 |
| Our Scenario: Short positions below 146.5 with targets @ 134.5 & 127.5 in extension. |
| Alternative Scenario: Above 146.5 look for further upside with 152.5 & 160 as targets. |
| Comment: the pair is going to validate a bearish flag pattern. |
| Option Strategy |
| Option ST |
-1 |
| Delta ST |
0 |
| opinion MT |
0 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
146.5 |
| Resistance2 |
152.5 |
| Resistance3 |
160 |
| Support1 |
134.5 |
| Support2 |
127.5 |
| Support3 |
122.5 |
