NZD/USD:
Resistance: 0.7910 (sell below this level).
Support: 0.7682 (buy above this level for retesting this level for a short period).
Trend: downward (the trend still calls for a bearish market).
Range: 116 pips. A risk to reward ratio of 1:1.5 is recammended Risk of116pips must make a profit of 174,00
Trading recommendations:
- According to the previous events, the price is still between the levels of 0.7775 and 0.7810.
- The descending movement will probably be lower than the 0.7910 level with the first targets at 0.7682 and 0.7600.
- Buy deals are recommended above 0.7600 with targets at 0.7680 and 0.7867.
Intraday technical levels:
Date & Time:2/07/2013 12:53
Pair:NZD/USD
Projected High:0,8032
Breakout (Buy Stop):0,7977
Strong Resistance (Sell Limit):0,7947
Current Pivot:0,7773
Strong Support (Buy Limit):0,7599
Breakout (Sell Stop):0,7574
Projected Low:0,7524
