NZD/USD:
Resistance: 0.7910 (sell below this level).
Support: 0.7725 (buy above this level for retesting this level for a short period).
Range: 121 pips. A risk to reward ratio of 1:1.5 is recammended Risk of 121 pips must make a profit of 181.5.
Trading recommendations:
According to the previous events, the price is still between the levels of 0.7870 and 0.7825. The descending movement will probably be lower than the 0.7910 level with the first targets at 0.7850 and 0.7730. Buy deals are recommended above 0.7725with targets at 0.7870 and 0.7907.
Intraday technical levels:
Date & Time:9/07/2013 09:26
Pair:NZD/USD
Projected High:0,8025
Breakout (Buy Stop):0,7970
Strong Resistance (Sell Limit):0,7940
Current Pivot:0,7759
Strong Support (Buy Limit):0,7577
Breakout (Sell Stop):0,7552
Projected Low:0,7502