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NZD/USD: trading recommendations for July 23, 2013

July 23, 2013 1:45 pm

 
Trading recommendations: 

NZD/USD:

According to the previous events, the price has still been trapped between 0.7940 and 0.79855.
  • Long buying: 
  • Buy above 0.7850 with the first target of 0.7963, it might resume to 0.8065. 
  • Short selling: 
  • Outlook -1-: Swing trade at 0.8065 in order to sell with a traget of 0.7870. 
  • Outlook -2-: Below 0.7850 look for further downside with 0.7775 and 0.7725 as targets.
PS: it should be noted that the market will be called for bearish market from the level of 0.8070.

Intraday technical levels:
R3: 0.8014
R2: 0.8007
R1: 0.7986
PP: 0.7979
S1: 0.7958
S2: 0.7951
S3: 0.7930

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

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