
Trading recommendations:
NZD/USD: (long term)
According to the previous events, the price has still been trapped between 0.8200 and 0.8150.
- Long buying:
- Buy above 0.8066 with the first target at 0.8185, it might resume to 0.8290. (long term)
- Short selling:
- Outlook -1-: Swing trade at 0.8300 in order to sell with a traget of 0.8175.
- Outlook -2-: Below 0.8170 look for further descending movement with 0.8113 and 0.8070 as targets.
Note:
- It should be noted that the market will turn to bearish sentiment from the level of 0.8300.
- Time frame: Daily.
- Range: 125pips - 210 pips (week).
Intraday technical levels:
Date & Time:4/12/2013 12:49
Pair:NZD/USD
- Projected High:0,8400
- Breakout (Buy Stop):0,8345
- Strong Resistance (Sell Limit):0,8315
- Current Pivot:0,8207
- Strong Support (Buy Limit):0,8099
- Breakout (Sell Stop):0,8074
- Projected Low:0,8024