FX.co ★ NZD/USD: Trading recommendations for March 19, 2013

The view for NZD/USD is intact.

Trading recommendations:

According to the previous events the price is expected to remain between 0.8300 and 0.8233 levels.
Buy-deals are recommended above 0.8170 (strong support) with the first target seen at 0.8250. The movement is likely to resume to the point 0.8300 and further to the point 0.8340.
The descending movement is likely to begin from the level 0.8340 (strong resistance) with 0.8240 and 0.8180 seen as targets.

Observations:

Range: 52 pips

0.8340: strong resistance, then sellers asking for a high price.

0.8170: strong support, then buyers bidding at a lower price.

Intraday technical levels:
Date & Time: 19/03/2013 11:38

R3: 0.8322

R2: 0.8295

R1: 0.8270

PP: 0.8243

S1: 0.8218

S2: 0.8191

S3: 0.8166

If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.