FX.co ★ NZD/USD: technical analysis for August 28, 2013

Trading recommendations:

NZD/USD:

According to the previous events, the price has still been trapped between 0.7800 and 0.7775

Buying: Buy above 0.7655 with the first target of 0.7730, it might resume to 0.78.

Selling: Swing trade at 0.7825 in order to sell with a traget of 0.7753, then it will continue towards 1.7670.

Intraday technical levels:

Date & Time: 28/08/2013 14:06

Pair: NZD/USD

Projected High: 0.7952

Breakout (Buy Stop): 0.7897

Strong Resistance (Sell Limit): 0.7867

Current Pivot: 0.7776

Strong Support (Buy Limit): 0.7684

Breakout (Sell Stop): 0.7659

Projected Low: 0.7609