NZD/USD: Technical analysis for April 11, 013

NZD/USD:
Resistance: 0.8760 (sell below this level).
Support: 0.8525 (buy above this level for retesting this level for a short period).

Trend: Upward (the trend still calls for a bullish maret).

Range: 125 pips (weekly).

Trading recommendations:

According to the previous events, the price is still between the levels of 0.8650 and 0.6815. The descending movement will probably be lower than the 0.8760 level with the first targets at 0.8670 and 0.8550. Buy deals are recommended above 0.8525 with targets at 0.8690 and 0.8750.

If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.