The resistance is going to set at the level of 0.8570. Also, it should be noted that the level of 0.8450 represents strong support. Consequently, the descending movement will probably be lower than the 0.8520 level with the targets at 0.8475 and 0.8450. On the contrary, the support has already set at 0.8450 and the double bottom sets at the price of 0.8404. Furthermore, it should be noted that it will very profitable to buy above this level to retesting this level for a short period. Therefore, buy deals are recommended above the 0.8404 level with targets at 0.8470 and 0.8625 to reach the double top.
Intraday technical levels:
Date:30/07/2014
Pair:NZD/USD
R3: 0.8606
R2: 0.8566
R1: 0.8535
PP: 0.8495
S1: 0.8464
S2: 0.8424
S3: 0.8393
The material has been provided by InstaForex Company – www.instaforex.com
Trading recommendations:
Intraday technical levels:
Date:30/07/2014
Pair:NZD/USD
The material has been provided by InstaForex Company – www.instaforex.com
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