NZD/USD weekly technical levels for August 27-30, 2013

Weekly technical levels:

Tips:

If the trend is of upside character, then the strength of the currency pair will be defined as follows: NZD is an uptrend and USD is a downtrend.
Fibonacci retracement is used to determine accurate psychological levels of support and resistance.
The period of time should be taken into account. Fibonacci is in a trading range; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, you will surely lose your profit.
Stop loss should NEVER exceed your maximum exposure amounts.
As a rule, the market is highly volatile if the previous day saw huge volatility.
If you have any questions or requests, please feel free to contact me: [email protected].

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

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