Published on FXDD (http://forex.fxdd.com)
Forex Trading: NZDUSD heading toward the lows from earlier this week
By Greg Michalowski
Created May 1 2008 - 9:53am

The 0.7725 level was the low on the 29 and 30th of April.  A break will target lower levels.

On a longer term basis

On a longer term chart, the Kiwi is below the 100 day moving average but remains above the 200 day moving average at 0.7664.  This will be a key level for longer term position traders who base their positions off of these levels. 


Source URL: http://forex.fxdd.com/trading-news/3814/forex-trading%3A-nzdusd-heading-toward-lows-earlier-week