Trading recommendations:
- On May 27, 2014 the NZD/USD pair is still moving between 0.8580 and 0.8510. Additionally, it should be noted that the minor support is going to set at the level of 0.8510 and the resistance has already set at 0.8580. So, we expect a range of 70 pips today. As it is known, history will probably repeat itself at this level again. Therefore, sell at the price of 0.8580 with the first target at 0.8535 in order to test the daily pivot point, then it will be gone towards 0.8510 (minor support). On the other hand, if the trend fails to close below the minor support (0.8510), hence buy above 0.8510 with a target at the price of 0.8577 today. Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated.
Intraday technical levels:
Date and Time: 27/05/2014 14:22
Pair: NZD/USD
- R3: 0.8598
- R2: 0.8590
- R1: 0.8575
- PP: 0.8567
- S1: 0.8552
- S2: 0.8544
- S3: 0.8529
