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team Graham Parlane

Chart of interest - Kiwi about to explode north?

Posted by Graham Parlane on 13 February 2013

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The 1 month range of 0.8300 to 0.8450 has bought the Bollinger Bands in to a ‘trend ready’ state. The bout of USD weakness (my primary, and long held expectation, on U.S. QE activities) has seen the NZD/USD respect the 9 month uptrend (yet again) after breaking over the nearly 2 year trend line resistance back in December.

1)    Big picture

NZDUSD – click here to view chart

2)     A closer look – Held the 9 month uptrend, Bollinger’s are trend ready.

NZDUSD Closer Look – click here to view chart

Cheers G.

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