Technical analysis of NZD/USD for March 28, 2014

Trading recommendations:

The NZD/USD pair on March 28, 2014. The resistance is going to set at the level of 0.8847. Also, it should be noted that the level of 0.8613 is representing a strong support. Consequently, the descending movement will probably be lower than the 0.8700/0.8847. level with the targets at 0.8645 and 0.8613. On the contrary, the support has already set at 0.8613. Furthermore, it should note that it will very profitable to buy above this level for retesting this level for a short period. Therefore, buy deals are recommended above the 0.8613 level with targets at 0.8668 and 0.8725 to reach the double top.

Intraday technical levels:

Date and Time: 28/03/2014 10:09

Pair: NZD/USD

R3: 0.8801 R2: 0.8743 R1: 0.8707 PP: 0.8649 S1: 0.8613 S2: 0.8555 S3: 0.8519