FX.co ★ NZD/USD: technical analysis (Forecast) for October 8, 2013

Daily pivot point: 0.8305.

NZD/USD "Kiwi Dollar":
Resistance: 0.8345 (sell below this level).
Support: 0.8270 (buy above this level for retesting this level for a short period).

Trading Recommendations:
Range: 66 pips (daily).

• According to the previous events, the price is still between the levels of 0.8325 and 0.8275.
• The descending movement will probably be lower than the 0.8355 level with the first targets at the 0.8300 and 0.8280 levels.
• Buy deals are recommended above the 0.8270 level with targets at the 0.8333 and 0.8350 levels.

Intraday technical levels:

Date and Time: 8/10/2013 12:11

Pair: NZD/USD

Projected High: 0.8487

Breakout (Buy Stop): 0.8432

Strong Resistance (Sell Limit): 0.8402

Current Pivot: 0.8305

Strong Support (Buy Limit): 0.8204

Breakout (Sell Stop): 0.8179

Projected Low: 0.8129