Trading recommendations:
NZD/USD:
According to the previous events, the price has still been trapped between 0.8340 and 0.8290.
Long buying: Buy above 0.82 with the first target of 0.8293, it might resume to 0.8366. Short selling: Outlook -1-: Swing trade at 0.8370 in order to sell with a traget of 0.8313. Outlook -2-: Below 0.8300 look for further downside with 0.8220 and 0.8190 as targets.
Note:
It should be noted that the market will call for bearish market from the level of 0.8370. Range: 70 pips (daily). Volatility: 52.22; therefore, the market indicates the lower volatility. | Volatility Formula: Variation = Average * (Higher - Lower)
R3: 0.8385 R2: 0.8353 R1: 0.8322 PP: 0.8290 S1: 0.8259 S2: 0.8227 S3: 0.8196