Monday, December 12, 2011

NZDUSD Technical chart | 13-Dec-2011

 Let us see the technical chart of NZDUSD using Doda-Doanchin and Doda-Bollinger Bands indicator.

NZDUSD Technical chart
NZDUSD Technical chart

Although both Doda-Donchian and Doda-Bollinger Bands has given sell signal on this currency pair @0.77266,  it is trading near its strong support zone. I would suggest to take short position after it crosses this support zone. The zone area is from 0.76448 to 0.7605. Do not take any position now.

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