FX.co ★ NZD/USD: trading recommendations for September 10, 2013

Trading recommendations:

NZD/USD:

According to the previous events, the price has still been trapped between 0.8050 and 0.8090.

• Long buying:
• Buy above 0.7940 with the first target at 0.8055, it might resume to 0.8090.
• Short selling:
• Outlook -1-: Swing trade at 0.8093 in order to sell with a traget of 0.8025.
• Outlook -2-: Below 0.8020 look for further descending movement with 0.7980 and 0.7943 as targets.

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

Intraday technical levels:

Date & Time: 10/09/2013 13:52

Pair: NZD/USD

Projected High: 0.8196

Breakout (Buy Stop): 0.8141

Strong Resistance (Sell Limit): 0.8111

Current Pivot:0,8033

Strong Support (Buy Limit): 0.7955

Breakout (Sell Stop): 0.7930

Projected Low: 0.7880