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NZD/USD: trading recommendations for October 15, 2013

October 15, 2013 5:45 am

Trading recommendations: 
Pair:NZD/USD
Date:15/10/2013 
  • According to the previous events, the price has still been trapped between 0.8340 and 0.8385.
  • Long buying: 
  • Buy above 0.8200 with the first target of 0.8388, it might resume to 0.8445. 
  • Short selling: 
  • Outlook -1-: Swing trade at 0.8465 in order to sell with a traget of 0.8325. 
  • Outlook -2-: The area below 0.8300 looks for further downside with 0.8255 and 0.8190 as targets.
Notes: 
  • It should be noted that the market will be called for bearish market from the level of 0.8070.  
  • Range: 72 pips.
  • Risk of 72 pips must make a profit of 108.00 (A risk to reward ratio of 1:1.5 is recommended).
Intraday technical levels:
R3: 0.8463
R2: 0.8422
R1: 0.8391
PP: 0.8350
S1: 0.8319
S2: 0.8278
S3: 0.8247

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

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