NZD/USD:
Resistance: 0.8760 (sell below this level).
Support: 0.8525 (buy above this level for retesting this level for a short period).
Trend: Upward (the trend still calls for a bullish maret).
Range: 125 pips (weekly).
Trading recommendations:
- According to the previous events, the price is still between the levels of 0.8650 and 0.6815.
- The descending movement will probably be lower than the 0.8760 level with the first targets at 0.8670 and 0.8550.
- Buy deals are recommended above 0.8525 with targets at 0.8690 and 0.8750.
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.
