NZDUSD
The NZDUSD continues to show renewed strength, as prices rallied strongly up to .7500. Although prices fell steeply in the wake of Japan’s earthquake, the move up has been strong, effortlessly pushing through resistance at .7350 and crossing the falling trendline. Since then, the pair has continued to gain, which suggests the down trend has in fact ended, and additional gains are likely. Significant resistance lies just ahead at .7550, but if that level is breached we may see a quick rally up to .7800. www.bforex.com