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NZD/USD: Trading recommendations for July 30, 2013

July 30, 2013 9:44 am

 

Trading recommendations: 
NZD/USD:
According to the previous events, the price has still been trapped between 0.8055 and 0.7995.
Long buying: Buy above 0.7850 with the first target of 0.7963, it might resume to 0.8085. 
Short selling:  Swing trade at 0.8100 in order to sell with a traget of 0.7950 then it will continue towards 1.7860. 
 
Intraday technical levels: 
Date: 30/07/2013 
Pair: NZD/USD 
Projected High: 0.8260 
Breakout (Buy Stop): 0.8205 
Strong Resistance (Sell Limit): 0.8175 
Current Pivot: 0.8052 
Strong Support (Buy Limit): 0.7929 
Breakout (Sell Stop): 0.7904 
Projected Low: 0.7854 
PS: It should be noted that the market will be called for bearish market from the level of 0.8100.

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

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