Mon, 09 Jul 2012 16:14:30 GMT
NZD/USD slides back; fluctuates around 200-day SMA
The Kiwi dollar moved slightly lower against the US dollar and currently the pair is flirting with 200-day simple moving average. However, if bearish impetus adds to gains, investors might face 0.7922 (S1 Weekly) as their first support level. A breakout here would expose 0.7886 (50% Fibo) and 0.7812 (Lower Bollinger band) for bearish market participants.