FX.co ★ NZD/USD weekly technical levels for April 15 - 19, 2013

Weekly technical levels:

Tips:

• If the trend is of an upside character, then the strength of the currency will be defined as follows: NZD is an uptrend and USD is a downtrend.
• Fibonacci retracement is used to determine accurate psychological levels of support and resistance.
• The period of time should be taken into account. Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, you will surely lose your profit.
• Stop loss should NEVER exceed your maximum exposure amounts.
• As a rule, the market is highly volatile if the last day had huge volatility.
  If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.