Notes:
- The double top of the NZD/USD pair will set at the level of 0.8597.
- The support is going to set at 0.8494. And this level is going to represent the weekly pivot point on April 29, 2014.
- The major support has already represented the weekly support 2.
- Moreover, the double bottom is also coinciding with the major support in H4 chart.
- The price hit the weekly pivot point and the support 1 last week, because of the series of relatively equal highs and equal lows.
- We expect a range of 120 pips this week.
Intraday technical levels:
Date: 29/04/2014
Pair: NZD/USD
- Projected High: 0.8809
- Breakout (Buy Stop): 0.8754
- Strong Resistance (Sell Limit): 0.8724
- Current Pivot: 0.8591
- Strong Support (Buy Limit): 0.8457
- Breakout (Sell Stop): 0.8432
- Projected Low: 0.8382
