According to the previous events, the price is still between the levels of 0.8288 and 0.8377. The descending movement will probably be lower than the 0.8340 level with the first target at 0.8255 and 0.8225, then the trend will form a double bottom at the price of 0.8194 (Daily chart). Buy deals are recommended above 0.82 with targets at 0.8263 and 0.8335 for the next week in the long term.
Resistance: 0.8340 (sell below this level).
Support: 0.82 (buy above this level for retesting this level for a long period).
Double bottom will set at the level of 0.8194 (short term).
Double top will set at the level of 0.8340 (long term).
The trend: downward (the trend still calls for a bearish market on October 29, 2013).
Range: 110 pips.
Intraday technical levels:
Date & Time: 29/10/2013 14:03
Pair: NZD/USD
R3: 0.8359
R2: 0.8331
R1: 0.8299
PP: 0.8271
S1: 0.8239
S2: 0.8211
S3: 0.8179
The material has been provided by InstaForex Company – www.instaforex.com
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: