Forecast for the long term:
According to previous events, The NZD/USD pair has still been trapped between 0.8303 and 0.8355.
- Strong level (resistance) will be formed at the level of 0.8460 providing a clear signal for sell deals with the target seen at 0.8275.
- Stop-loss is to be placed above 0.8515.
- Strong level (support) will be formed at the level of 0.8250 providing a clear signal for buy deals with the target seen at the 0.8386 level.
- Stop-loss is to be placed below 0.8210.
Warnings:
- Stop loss should never exceed your maximum exposure amounts.
- The market has a high volatility, if the previous day had a huge volatility.
