FX.co ★ NZD/USD: technical analysis for August 6, 2013

Trading recommendations:

NZD/USD: According to the previous events, the price has still been trapped between 0.7880 and 0.7840.

Buying: Buy above 0.7815 with the first target of 0.7863, it might resume to 0.7940.

Selling: Swing trade at 0.7950 in order to sell with a traget of 0.7890 then it will continue towards 1.7843.

Intraday technical levels:

Date: 6/08/2013

Pair: NZD/USD

R3: 0.7953

R2: 0.7889

R1: 0.7863

PP: 0.7799

S1: 0.7773

S2: 0.7709

S3: 0.7683