Trading recommendations:
NZD/USD:
According to the previous events, the price has still been trapped between 0.7940 and 0.79855.
- Long buying:
- Buy above 0.7850 with the first target of 0.7963, it might resume to 0.8065.
- Short selling:
- Outlook -1-: Swing trade at 0.8065 in order to sell with a traget of 0.7870.
- Outlook -2-: Below 0.7850 look for further downside with 0.7775 and 0.7725 as targets.
PS: it should be noted that the market will be called for bearish market from the level of 0.8070.
Intraday technical levels:R3: 0.8014
R2: 0.8007
R1: 0.7986
PP: 0.7979
S1: 0.7958
S2: 0.7951
S3: 0.7930
