fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for NZD Mon Sep 02, 2013 10:26 am | |
| Technical Analysis for NZD The price rebounds after failing to hold below 0.7735 support, as RSI indicated a strong positive divergence, and price is approaching the resistance of the minor falling wedge shown on chart. Accordingly, the bullish bias is expected to continue further this week. Break and stability below 0.7735 may will extend to 0.7680 key support, while taking 0.7680 will negate any bullish potential. Support: 0.7735, 0.7700, 0.7680, 0.7600, 0.7565 Resistance: 0.7795, 0.7840, 0.7870, 0.7900, 0.7930 Recommendation Long above 0.7750, targets at 0.7820 and 0.7870. Invalidation below 0.7680. | |
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