FX OPTIONS TRADE ALERT

New Zealand dollar Trading OUTLOOK

13:58 GMT - 09:58 NYT - Tuesday, July 12, 2010 NDO (NZD/USD): further USD weakness expected

Pivot: 69.5

Our forecast: Up move towards 76 or even 79.

Comment: The pair is on the upside and is challenging its bearish flag (continuation pattern) upper boundary. A further up move is likely as the RSI si well directed.

To leverage our Trend Opinion on New Zealand dollar, we selected the following strategy.

Buy NDO Aug 10 71 CALL

Click here to view supporting charts and data for our trade alert : http://www.tradingcentral.com/newsletter/ise/fx_option_trade_alert.html