The view for NZD/USD is intact.
Trading recommendations:
According to the previous events the price is expected to remain between 0.8480 and 0.8433 levels.
- Buy-deals are recommended above 0.8380 (strong support) with the first target seen at 0.8420 The movement is likely to resume to the point 0.8488 and further to the point 0.8525.
- The descending movement is likely to begin from the level 0.8530 (strong resistance) with 0.8470 and 0.8390 seen as targets.
Observations:
Range: 101pips
0.8541: strong resistance, then sellers asking for a high price.
0.8380: strong support, then buyers bidding at a lower price.
Intraday technical levels:
Date & Time9/05/2013 13:57
R3: 0,8601
R2: 0,8541
R1: 0,8500
PP: 0,8440
S1: 0,8399
S2: 0,8339
S3: 0,8298
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.
