fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for NZD  Wed Jul 03, 2013 10:24 am | |
|  Technical Analysis for NZD The NZDUSD pair failed at the descending resistance for the falling wedge pattern shown on chart, Attempting to resume the overall bearish trend, but faces the recent lows that formed a support around 0.7700 area, a break below this support should clear the way for further losses. Support: 0.7700, 0.7665, 0.7620, 0.7600, 0.7565 Resistance: 0.7780, 0.7825, 0.7860, 0.7900, 0.7945 Recommendation Based on the charts and explanations above, we prefer to be neutral | |
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