NZD/USD:
Resistance: 0.7910 (sell below this level).
Support: 0.7725 (buy above this level for retesting this level for a short period).
Range: 121 pips. A risk to reward ratio of 1:1.5 is recammended Risk of 121 pips must make a profit of 181.5.
Trading recommendations:
- According to the previous events, the price is still between the levels of 0.7870 and 0.7825.
- The descending movement will probably be lower than the 0.7910 level with the first targets at 0.7850 and 0.7730.
- Buy deals are recommended above 0.7725with targets at 0.7870 and 0.7907.
Intraday technical levels:
Date & Time:9/07/2013 09:26
Pair:NZD/USD
Projected High:0,8025
Breakout (Buy Stop):0,7970
Strong Resistance (Sell Limit):0,7940
Current Pivot:0,7759
Strong Support (Buy Limit):0,7577
Breakout (Sell Stop):0,7552
Projected Low:0,7502
