Trading recommendations:
NZD/USD:
According to the previous events, the price has still been trapped between 0.7950 and 0.7910.
- Long buying:
- Buy above 0.7840 with the first target of 0.7890, it might resume to 0.7950.
- Short selling:
- Outlook -1-: Swing trade at 0.7940 in order to sell with a traget of 0.78.
- Outlook -2-: Below 0.79 look for further downside with 0.7840 and 0.7803 as targets.
PS: it should be noted that the market will be called for bearish market from the level of 0.7936 (the daily pivot point).
Intraday technical levels:
Date: 21/08/2013
Pair: USD/CHF
Projected High: 0.8156
Breakout (Buy Stop): 0.8101
Strong Resistance (Sell Limit): 0.8071
Current Pivot: 0.7936
Strong Support (Buy Limit): 0.7801
Breakout (Sell Stop): 0.7776
Projected Low: 0.7726
