NZD/USD: technical analysis (Forecast) for October 8, 2013

Daily pivot point: 0.8305.

NZD/USD "Kiwi Dollar":
Resistance: 0.8345 (sell below this level).
Support: 0.8270 (buy above this level for retesting this level for a short period).

Trading Recommendations:
Range: 66 pips (daily).

According to the previous events, the price is still between the levels of 0.8325 and 0.8275. The descending movement will probably be lower than the 0.8355 level with the first targets at the 0.8300 and 0.8280 levels. Buy deals are recommended above the 0.8270 level with targets at the 0.8333 and 0.8350 levels.

Intraday technical levels:

Date and Time: 8/10/2013 12:11

Pair: NZD/USD

Projected High: 0.8487

Breakout (Buy Stop): 0.8432

Strong Resistance (Sell Limit): 0.8402

Current Pivot: 0.8305

Strong Support (Buy Limit): 0.8204

Breakout (Sell Stop): 0.8179

Projected Low: 0.8129