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NZD/USD: trading recommendations for August 21, 2013

August 21, 2013 12:45 pm

 
 
Trading recommendations: 

NZD/USD:

According to the previous events, the price has still been trapped between 0.7950 and 0.7910.
  • Long buying: 
  • Buy above 0.7840 with the first target of 0.7890, it might resume to 0.7950. 
  • Short selling: 
  • Outlook -1-: Swing trade at 0.7940 in order to sell with a traget of 0.78. 
  • Outlook -2-: Below 0.79 look for further downside with 0.7840 and 0.7803 as targets.
PS: it should be noted that the market will be called for bearish market from the level of 0.7936 (the daily pivot point).

 

Intraday technical levels:
Date: 21/08/2013 
Pair: USD/CHF 
Projected High: 0.8156 
Breakout (Buy Stop): 0.8101 
Strong Resistance (Sell Limit): 0.8071 
Current Pivot: 0.7936 
Strong Support (Buy Limit): 0.7801 
Breakout (Sell Stop): 0.7776 
Projected Low: 0.7726 

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

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