More Market Analysis for 06-13-12

This report adds NZDUSD, AUDCAD and EURNZD to today's analysis.

NZDUSD and AUDCAD are in resistance for a possible sell set setup and  trend reversal back down. However, both currency crosses could pause here and accelerate up as shown by the manual and automated forecasts (see charts below).

nzdusd kiwi daily chart

aussie-cad daily chart

EURNZD: Euro-Kiwi is in multiple support, which sets it up for a corrective bounce should this area hold. However, after any bounce here,  it could pause here and experience another low before a larger bounce. Use the the manual and automated forecasts as a guide (see chart below).

euro-kiwi daily chart

Please leave us your comments and thoughts below.
This entry was posted in Forex Forecasts. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

8 × = forty