fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for NZD Thu Oct 24, 2013 9:50 am | |
| Technical Analysis for NZD The pair retraced some of yesterday’s major losses, while price remains below 0.8435 resistance level, accordingly, we hold onto our bearish scenario, supported by the bearish divergence on price momentum. Support: 0.8400, 0.8350, 0.8300, 0.8265, 0.8230 Resistance: 0.8435, 0.8480, 0.8520, 0.8550, 0.8585 Recommendation Short below 0.8435, targets at 0.8350 and 0.8250. Stop loss above 0.8480 | |
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