25th Apr - NZD/USD Briefly Spikes Through 76.4% Resistance
25 April 2013
WEEKLY CHART:
The key 76.4% resistance was recently spiked through – was this a final blow-off move?
DAILY CHART:
Following the recent upward spike a subsequent pullback has found initial support from the current 23.6% retracement.
Failure here would put a dent in upward momentum, but a further slip back, through 0.8209 38.2% level and 0.8159 13-Mar low is needed to tilt the scales in favour of the bear camp.
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25th Apr - Gold Finally Breaks Long Term 23.6% Support