FX.co ★ NZD/USD technical analysis for July 9, 2013

NZD/USD:

Resistance: 0.7910 (sell below this level).

Support: 0.7725 (buy above this level for retesting this level for a short period).

Range: 121 pips. A risk to reward ratio of 1:1.5 is recammended Risk of 121 pips must make a profit of 181.5.

Trading recommendations:

• According to the previous events, the price is still between the levels of 0.7870 and 0.7825.
• The descending movement will probably be lower than the 0.7910 level with the first targets at 0.7850 and 0.7730.
• Buy deals are recommended above 0.7725with targets at 0.7870 and 0.7907.

Intraday technical levels:

Date & Time:9/07/2013 09:26

Pair:NZD/USD

Projected High:0,8025

Breakout (Buy Stop):0,7970

Strong Resistance (Sell Limit):0,7940

Current Pivot:0,7759

Strong Support (Buy Limit):0,7577

Breakout (Sell Stop):0,7552

Projected Low:0,7502