Notes:
The double top of the NZD/USD pair will set at the level of 0.8597. The support is going to set at 0.8494. And this level is going to represent the weekly pivot point on April 29, 2014. The major support has already represented the weekly support 2. Moreover, the double bottom is also coinciding with the major support in H4 chart. The price hit the weekly pivot point and the support 1 last week, because of the series of relatively equal highs and equal lows. We expect a range of 120 pips this week.Intraday technical levels:
Date: 29/04/2014
Pair: NZD/USD
Projected High: 0.8809 Breakout (Buy Stop): 0.8754 Strong Resistance (Sell Limit): 0.8724 Current Pivot: 0.8591 Strong Support (Buy Limit): 0.8457 Breakout (Sell Stop): 0.8432 Projected Low: 0.8382