fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for NZD  Wed Aug 14, 2013 10:16 am | |
|  Technical Analysis for NZD The pair touched 0.7932 support level and our downside target for yesterdays scenario, before bouncing higher. The 50-days SMA alongside 0.7930 support may form a floor for price action, and we may see another attempt higher from these levels. Accordingly, a bullish rebound is probable today. Support: 0.7930, 0.7880, 0.7840, 0.7810, 0.7735 Resistance: 0.7980, 0.8005, 0.8050, 0.8100, 0.8135 Recommendation Long above 0.7930 targets at 0.8000, 0.8050 and 0.8100. Invalidation below 0.7840. | |
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