fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for NZD  Fri Oct 18, 2013 11:33 am | |
|  Technical Analysis for NZD In accordance with our yesterday’s bullish expectations, NZDUSD pair succeeded in placing a new 3-month high in the 0.8530 regions where prices showed mild corrective drops. Actually, the daily studies offer a probability of drawing a negative divergence on RSI 14 and thus, we will stand aside today to watch out the price behaviors ahead of the weekly closing. A break above 0.8530 will negate this divergence and will bring the bullish picture back into focus. Support: 0.8435, 0.8400, 0.8340, 0.8275, 0.8225 Resistance: 0.8500, 0.8530, 0.8580, 0.8625, 0.8670 | |
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