NZD/USD:
- Resistance: 0.8395 (sell below this level).
- Support: 0.8103 (buy above this level for retesting this level for a short period).
- Trend: sideways trend in the frame time of H4.
- Range: 76 pips (daily) and 280 (weekly).
- Weekly pivot point: 0.8247
Trading recommendations:
- According to the previous events, the price is still around the weekly pivot point (0.8250).
- The descending movement will probably be lower than the 0.84 level with the first targets at 0.8255 and 0.8166.
- Buy deals are recommended above 0.81 with targets at 0.8250 and 0.8333 (78% Fibonacci retracement levels).
Intraday Technical Levels:
- Projected high: 0.8400
- Strong resistance (sell limit): 0.8390
- Current pivot: 0.8235
- Strong support (buy limit): 0.8100
- Projected low: 0.8095
