FX.co ★ NZD/USD: technical analysis for November 26, 2013

Trading recommendations:

• NZD/USD:
• According to the previous events, the price has still been trapped between 0.8203 and 0.8153.
• Long buying:
• Buy above 0.8295 with the first target at 0.8345, it might resume to 0.8403. (short term)
• Short selling:
• Outlook -1-: Swing trade at 0.8265 in order to sell with a traget of 0.82.
• Outlook -2-: Below 0.8180 look for further descending movement with 0.8150 and 0.8125 as targets.
• Notes:
• it should be noted that the market will turn to bearish sentiment from the level of 0.8265.
• Range: 68 pips Risk of 68 pips must make a profit of 102.00 (a risk to reward ratio of 1:1.5 is recommended)