.
NEW YORK
12:41
LONDON
17:41
PARIS
18:41
FRANKFURT
18:41
HONG KONG
23:41
TOKYO
01:41
SYDNEY
02:41
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NZD/USD Classical 01/11/2010

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Contributed by: DailyFx

NZDUSD_Classical_01112010

NZD/USD: A break to fresh yearly highs above 0.7650 seriously compromises our bearish outlook here, with the market now threatening a fresh upside extension back towards critical psychological barriers by 0.8000 over the coming days. However, while the market trades in he 0.7600’s and remains offered below 0.7700, we will hold onto our bearish bias and look for yet another topside failure ahead of some fresh downside. Back above 0.7700 negates, while below 0.7500 should confirm and accelerate declines.

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