Technical analysis of NZD/USD for December 22, 2015

Overview:

The NZD/USD pair: The resistance will be set at the level of 0.6834 and the support has already been placed at 0.6737. The key level is likely to be set at 0.6737. The level of 0.6834 will represent the double top, for that the value of 100% Fibonacci retracement levels is placed at the same price (double top on H1 chart). The daily pivot point at the 0.6779 price. According to the previous events, the GBP/USD pair is going to move between 0.6737 and 0.6834. We expect a range about 97 pips today. Above the level of 0.6737 the bullish market will be confirmed.

Technical levels:

It should be noted that the market of the GBP/USD pair will move between 0.6737 and 0.6834 today. Projected high: 0.6834. Strong resistance (sell limit): resistance will be formed at the level of 0.6834. Current pivot: 0.6780 (weekly pivot point sets at 0.6737). Breakout (sell stop): 0.6737. Projected low: 0.6665.