fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for NZD  Mon Jul 15, 2013 11:56 am | |
|  Technical Analysis for NZD The pair fails to hold above 0.7865(daily closing), and the main descending trend line for the latest bearish wave as shown on chart. Accordingly, the recent sideways range continues to be intact and considered a normal consolidation within the context of the bearish trend. Support: 0.7785, 0.7760, 0.7700, 0.7680, 0.7650 Resistance: 0.7860, 0.7900, 0.7965, 0.8000, 0.8050 Recommendation Short below 0.7860, targets at 0.7750 and 0.7680. Invalidation above 0.7970 | |
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