fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for NZD  Tue Sep 03, 2013 9:44 am | |
|  Technical Analysis for NZD The price is pushing gradually higher, broke above the resistance of the minor falling wedge, challenging 0.7840 previous swing high(resistance) . The recent strong bearish bias has neutralized, and holding above the broken wedge may push for further gains today, eying the 50-days SMA. Support: 0.7795, 0.7735, 0.7700, 0.7680, 0.7600 Resistance: 0.7840, 0.7870, 0.7900, 0.7930, 0.7990 Recommendation Long above 0.7790, targets at 0.7835 and 0.7870. Invalidation below 0.7735 | |
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