You are here:  >   >   > 

NZD/USD: technical analysis for June 28, 2013

June 28, 2013 10:45 am

 

 

NZD/USD:

Resistance: 0.7960 (sell below this level). 
Support: 0.7684 (buy above this level for retesting this level for a short period). 
Double bottom will set at the level of 0.7684.
Trend: upward (the trend still calls for a bullish market).
Range: 120 pips (weekly).                                        

 

Trading recommendations:

  • According to the previous events, the price is still between the levels of 0.7865 and 0.7780 
  • The descending movement will probably be lower than the 0.7960 level with the first targets at 0.7800 and 0.7750. 
  • Buy deals are recommended above 0.7684 with targets at 0.7855 and 0.7910.

The material has been provided by InstaForex Company – www.instaforex.com

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.

Related Posts:


Market Data by TradingView

Market Data by TradingView