FX.co ★ NZD/USD: technical analysis for December 4, 2013

Trading recommendations:

NZD/USD: (long term)

According to the previous events, the price has still been trapped between 0.8200 and 0.8150.

• Long buying:
• Buy above 0.8066 with the first target at 0.8185, it might resume to 0.8290. (long term)
• Short selling:
• Outlook -1-: Swing trade at 0.8300 in order to sell with a traget of 0.8175.
• Outlook -2-: Below 0.8170 look for further descending movement with 0.8113 and 0.8070 as targets.

Note:

• It should be noted that the market will turn to bearish sentiment from the level of 0.8300.
• Time frame: Daily.
• Range: 125pips - 210 pips (week).

Intraday technical levels:

Date & Time:4/12/2013 12:49

Pair:NZD/USD

• Projected High:0,8400
• Breakout (Buy Stop):0,8345
• Strong Resistance (Sell Limit):0,8315
• Current Pivot:0,8207
• Strong Support (Buy Limit):0,8099
• Breakout (Sell Stop):0,8074
• Projected Low:0,8024