fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for NZD Tue Jan 07, 2014 10:53 am | |
| Technical Analysis for NZD NZDUSD is correcting some of the earlier gains, as price settles above the 50-days SMA and 0.8950-0.8940 horizontal support area, accordingly, we expect the bullish bias to resume after completing the a pullback towards this support area. Support: 0.8250, 0.8240, 0.8190, 0.8145, 0.8100 Resistance: 0.8300, 0.8315, 0.8330, 0.8355, 0.8390 Recommendation long above 0.8240 targets at 0.8340 and 0.8400. Stop loss below 0.8190. | |
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