FX.co ★ NZD/USD: trading recommendations for September 4, 2013

Trading recommendations:

NZD/USD:

According to the previous events, the price has still been trapped between 0.7890 and 0.7850.

• Long buying:
• Buy above 0.7824 with the first target at 0.7890, it might resume to 0.7940.
• Short selling:
• Outlook -1-: Swing trade at 0.7940 in order to sell with a traget of 0.7890.
• Outlook -2-: Below 0.7880 look for further descending movement with 0.7840 and 0.7800 as targets.

PS: it should be noted that the market will turn to bearish sentiment from the level of 0.7940.