FX.co ★ NZD/USD: technical analysis for November 12, 2013

Trading recommendations:

• NZD/USD: According to the previous events, the price has still been trapped between 0.8200 and 0.8255.
• Buying: Buy above 0.8195 with the first target of 0.8260, it might resume to 0.83.
• Selling: Swing trade at 0.8303 in order to sell with a traget of 0.8270 then it will continue towards 0.8200, if could break the weekly support(0.8195) then the market is going towards 0.8150.
• Range: 75 pips for November 12, 2013.

Intraday technical levels:

Date: 12/11/2013

Pair: NZD/USD

• Projected High: 0.8404
• Breakout (Buy Stop): 0.8349
• Strong Resistance (Sell Limit): 0.8319
• Current Pivot: 0.8232
• Strong Support (Buy Limit): 0.8145
• Breakout (Sell Stop): 0.8120
• Projected Low: 0.8070