NZD/USD:
Resistance: 0.7910 (sell below this level).
Support: 0.7682 (buy above this level for retesting this level for a short period).
Trend: downward (the trend still calls for a bearish market).
Range: 116 pips. A risk to reward ratio of 1:1.5 is recammended Risk of116pips must make a profit of 174,00
Trading recommendations:
According to the previous events, the price is still between the levels of 0.7775 and 0.7810. The descending movement will probably be lower than the 0.7910 level with the first targets at 0.7682 and 0.7600. Buy deals are recommended above 0.7600 with targets at 0.7680 and 0.7867.Intraday technical levels:
Date & Time:2/07/2013 12:53
Pair:NZD/USD
Projected High:0,8032
Breakout (Buy Stop):0,7977
Strong Resistance (Sell Limit):0,7947
Current Pivot:0,7773
Strong Support (Buy Limit):0,7599
Breakout (Sell Stop):0,7574
Projected Low:0,7524