NZDUSD Technical chart | 13-Dec-2011

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


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.

See also  Forex Guide for 09-Oct-2012

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