fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for NZD  Wed Jun 05, 2013 9:19 am | |
|  Technical Analysis for NZD The NZD/USD is still steady below 0.8065, 50% correction, despite rather volatile trading. Stability below that level is reason sufficient to make us hold on to our negative outlook, particularly as the pair trades below linear regression indicator 55, and LRI 34 is still negative as well. Support: 0.8000, 0.7985, 0.7920, 0.7885, 0.7840 Resistance: 0.8040, 0.8065, 0.8100, 0.8135, 0.8160 Recommendation Based on the analysis above, we recommend selling the pair below 0.8040, targeting 0.8000, 0.7985 and 0.7920 and stop-loss with 4-hour closing above 0.8065.  | |
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