NZD/USD (Kiwi-Dollar) Technical Analysis Forecast for September 25,
2013
Although the results of the trade balance of New Zealand were less than expected,
the New Zealand dollar has not declined sharply against the U.S. Dollar.
Indeed, the contradictory views between presidents of the Fed regarding the possibility to reduce the QE program have confused investors.
Also, the debates over the U.S. budget in Washington this week, and the ability of the state to pay its debt stimulate have pushed down the U.S. dollar against major currencies.
On the 4 hours chart, the Kiwi Dollar continues to decline slightly toward the $ 0.8215 - $ 0.8205 area.
Then we expect it will resume its bullish trend and to retest the Alligator area of $ 0.8260 - $ 0.8280, and if it breaches up this area, the next target would be toward $ 0.8326 level
