NZD/USD:
Resistance: 0.7913 (sell below this level).
Support: 0.7700 (buy above this level for retesting this level for a short period).
Trend: downward (the trend still calls for a bearish market).
Range: 100 pips. A risk to reward ratio of 1:1.5 is recammended Risk of 50 pips must make a profit of 75.
Trading recommendations:
According to the previous events, the price is still between the levels of 0.7800 and 0.7850. The descending movement will probably be lower than the 0.7910 level with the first targets at 0.7853 and 0.7715. Buy deals are recommended above 0.7700 with targets at 0.7813 and 0.7867.