Overview:
Neither the market nor the trend was stable. The price of the NZD/USD pair has been showing a sideways trend. Additionally, the price has still been trapped between 0.8200 and 0.8293; thus, it is of the cleverness to be neutral at this spot. Equally important, the support has set at the level of 0.8203. As it is known, buyers are biding at a lower price. Accordingly, the price of the NZD/USD pair will give a good sign to buy above 0.8203 with a first target of 0.8266. Also, if the trend will be able to break the 0.8266 price, so, it might resume to 0.8340. However, if the trend fails to close above the resistance (0.8350), then the market will indicate a bearish opportunity below 0.8350. Thereupon, the level of 0.8350 is going to act as strong resistance, for that it will a good sign to sell below this level on Friday 7, 2014. But the stop loss should be placed above 0.8350 at the price of 0.8386.Intraday technical levels:
R3: 0.8359 R2: 0.8320 R1: 0.8283 PP: 0.8244 S1: 0.8207 S2: 0.8168 S3: 0.8131