NZD/USD Weekly Chart

Reviewing my last analysis for kiwi “July 2008″ you would notice our target has been trigerred exactly on 13 th. August which was nearly 600 pips.

Now from the same chart we could notice a very strong weekly hammer candle for the last week and chances to get more 400 pips buying the pair now targeting 0.75xx area for testing the old neckline again and approaching the 50 fibonacci line for the last fall at 0.7515.

Again, take care, paly with small amounts, our stop-loss point this time would be a closing under 0.7000 in the weekly time frame.