Support: 0.7830 (buy above this level for retesting this level for a short period).
Double bottom will set at the level of 0.7736.
Double top will set at the level of 0.8056
Trend: upward (the trend still calls for a bullish market).
Range: 320 pips (weekly).
Trading recommendations:
According to the previous events, the price is still between the levels of 0.8000 and 0.7950.
The descending movement will probably be lower than the 0.8150 level with the first targets at 0.8060 and 0.8 then trend will be going to test the weekly pivot point at the price 0.7943.
Buy deals are recommended above 0.7830 with targets at 0.8055 and 0.8125.
The material has been provided by InstaForex Company – www.instaforex.com
NZD/USD:
Trading recommendations:
The material has been provided by InstaForex Company – www.instaforex.com
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