Published on FXDD (http://forex.fxdd.com)
Forex Trading: NZDUSD benefits from carry trade and technical buyers
By Greg Michalowski
Created May 16 2008 - 12:06pm

 

The NZDUSD has moved back above the 0.7665 100 day moving average.  Once the level was broken the pair continued higher and is now testing the midpoint of the last move down at 0.7733. 

The pair is now more neutral after the few bearish days that saw the pair test the channel trendline on the downside. 


Source URL: http://forex.fxdd.com/trading-news/4134/forex-trading%3A-nzdusd-benefits-carry-trade-and-technical-buyers