FX.co ★ Technical analysis of NZD/USD for January 14, 2014

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Chart tools of the NZD/USD pair:

• It should be noted that the market was so stable and the trend was also so clear (upward).
• Expect a range of 112 pips as uptrend from the level of 0.8275.
• A strong support level will be formed at the price of 0.8275 this week.В В В 
• The value of 50% Fibonacci retracement levels has set at the 0.8275 level. Moreover, it is the key level to confirm the bullish market.
• Volatility is 150.55 so the market has called for a high volatility.

Trading recommendations:

• According to previous events, the price has still been trapping between 0.8310 and 0.8380 in the long term.В 
• Buy above 0.8280 (61.8% of Fibonacci retracement levels) with a first target of 1.5840, it might resume to 0.8390 and the price will form a new top at this level.В 
• Below 0.84 look for further downside with 0.8345 and 0.8303 targets.

Warning:

• Stop loss should never exceed your maximum exposure amounts.