Trading recommendations:
NZD/USD:
According to the previous events, the price has still been trapped between 0.8260 and 0.8225.
- Long buying:
- Buy above 0.8195 with the first target at 0.8230, it might resume to 0.8260. (short term)
- Short selling:
- Outlook -1-: Swing trade at 0.8270 in order to sell with a traget of 0.8220.
- Outlook -2-: Below 0.8215 look for further descending movement with 0.8190 and 0.8153 as targets.
PS: it should be noted that the market will turn to bearish sentiment from the level of 0.8270.
Intraday technical levels:
Date & Time: 14/11/2013 13:14
Pair: NZD/USD
- Projected High: 0.8453
- Breakout (Buy Stop): 0.8398
- Strong Resistance (Sell Limit): 0.8368
- Current Pivot: 0.8266
- Strong Support (Buy Limit): 0.8164
- Breakout (Sell Stop): 0.8139
- Projected Low: 0.8089
