FX.co ★ NZD/USD: trading recommendations for July 23, 2013

Trading recommendations:

NZD/USD:

According to the previous events, the price has still been trapped between 0.7940 and 0.79855.

• Long buying:
• Buy above 0.7850 with the first target of 0.7963, it might resume to 0.8065.
• Short selling:
• Outlook -1-: Swing trade at 0.8065 in order to sell with a traget of 0.7870.
• Outlook -2-: Below 0.7850 look for further downside with 0.7775 and 0.7725 as targets.

PS: it should be noted that the market will be called for bearish market from the level of 0.8070.