FX.co ★ NZD/USD: Technical analysis for April 11, 013

NZD/USD:
Resistance: 0.8760 (sell below this level).
Support: 0.8525 (buy above this level for retesting this level for a short period).

Trend: Upward (the trend still calls for a bullish maret).

Range: 125 pips (weekly).

Trading recommendations:

• According to the previous events, the price is still between the levels of 0.8650 and 0.6815.
• The descending movement will probably be lower than the 0.8760 level with the first targets at 0.8670 and 0.8550.
• Buy deals are recommended above 0.8525 with targets at 0.8690 and 0.8750.

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