fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for NZD  Fri Sep 06, 2013 9:39 am | |
|  Technical Analysis for NZD The pair resumes the strong bullish wave after a minor pullback, settling bove the 50-days SMA, and attempting to break 0.7930 resistance level. The bias remains to the upside, supported by momentum indicators. We see further upside especially if price manages to hold above 0.7930 resistance level. Support: 0.7900, 0.7870, 0.7840, 0.7795, 0.7775 Resistance: 0.7930, 0.7990, 0.8020, 0.8070, 0.8100 Recommendation Long above 0.7900, targets at 0.7990 and 0.8100. Invalidation below 0.7840. | |
|
