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 Technical Analysis for NZD

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fxpulsation




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Join date : 2012-01-25

Technical Analysis for  NZD Empty
PostSubject: Technical Analysis for NZD   Technical Analysis for  NZD Icon_minitimeTue Jan 21, 2014 1:31 pm

Technical Analysis for  NZD Instaforex_mb_760x151_en

Technical Analysis for NZD

NZDUSD rebounded strongly yesterday, after testing 0.8210-0.8215 support level at the 38.2 retracement level for 0.7682-0.8543 wave. The strong rebound threatens for further upside, however as long as below 0.8415 main resistance level, the upside seen limited. We move to the sidelines for now awaiting confirmation.

Support: 0.8295, 0.8265, 0.8230, 0.8200, 0.8170
Resistance: 0.8330, 0.8355, 0.8370, 0.8400, 0.8420
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