NZD/USD weekly technical levels for June 11 — 14, 2013 – STOCKTRKR

Weekly technical levels:

Trading recommendations:

According to the previous events, the price is still between the levels of 0.7858 and 0.7790.

The descending movement will probably be lower than the 0.9750 level with the first targets at 0.7800 and 0.7710.

Buy deals are recommended above 0.7703 with targets at 0.7795 and 0.7890.

Notes:

Resistance: 0.7950 (sell below this level).

Support: 0.7703 (buy above this level for retesting this level for a short period).

Trend: downward (the trend still calls for a bearish market).

Range: 260 pips (weekly).

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

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