FX.co ★ NZD/USD: Trading recommendations for July 30, 2013

Trading recommendations:

NZD/USD:

According to the previous events, the price has still been trapped between 0.8055 and 0.7995.

Long buying: Buy above 0.7850 with the first target of 0.7963, it might resume to 0.8085.

Short selling: Swing trade at 0.8100 in order to sell with a traget of 0.7950 then it will continue towards 1.7860.

Intraday technical levels:

Date: 30/07/2013

Pair: NZD/USD

Projected High: 0.8260

Breakout (Buy Stop): 0.8205

Strong Resistance (Sell Limit): 0.8175

Current Pivot: 0.8052

Strong Support (Buy Limit): 0.7929

Breakout (Sell Stop): 0.7904

Projected Low: 0.7854

PS: It should be noted that the market will be called for bearish market from the level of 0.8100.