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FX.co ★ NZD/USD: technical analysis for December 4, 2013

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Forex Analysis:::2013-12-04T11:57:43

NZD/USD: technical analysis for December 4, 2013

NZD/USD: technical analysis for December 4, 2013

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

Analyst InstaForex
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