fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for NZD  Mon Feb 17, 2014 11:29 am | |
|  Technical Analysis for NZD NZDUSD is attempting to retreat from levels near the top of the major sideways range, below the key resistance around 0.8400 areas. We think the move is overextended and expect a downside correction of this key resistance area, targeting 0.8300 areas. Taking into consideration that a break above 0.8430 may signal further upside and the continuation of the rally. Support: 0.8340, 0.8315, 0.8290, 0.8250, 0.8200 Resistance: 0.8370, 0.8400, 0.8430, 0.8450, 0.8480 Recommendation Neutral | |
|
