Daily Outlook on NZD/USD February 27, 2013

[B]DAILY NZD/USD OUTLOOK - 0.8240 [/B]

[B]27 Feb 2013 [/B] [B][I]05:49GMT[/I][/B]

Despite recovery fm 0.8223, as long as 0.8290/00 holds, decline fm Feb’s 17-month high at 0.8534
shud resume twd 0.8200 b4 correction occurs.

Sell nzd on pullback n only abv 0.8314 (previous sup) signals a temp. low is made, risks 0.8353.

[B]STRATEGY[/B] : Sell at 0.8270
[B]OBJECTIVE[/B] : 0.82
[B]STOP-LOSS[/B] : 0.8305
[B]RES[/B] : 0.8297/0.8314/0.8353
[B]SUP[/B] : 0.8223/0.8214/0.8156