FX.co ★ Technical analysis of NZD/USD for January 21, 2014

Forecast for the long term:

According to previous events, The NZD/USD pair has still been trapped between 0.8303 and 0.8355.

• Strong level (resistance) will be formed at the level of 0.8460 providing a clear signal for sell deals with the target seen at 0.8275.
• Stop-loss is to be placed above 0.8515.
• Strong level (support) will be formed at the level of 0.8250 providing a clear signal for buy deals with the target seen at the 0.8386 level.
• Stop-loss is to be placed below 0.8210.

Warnings:

• Stop loss should never exceed your maximum exposure amounts.
• The market has a high volatility, if the previous day had a huge volatility.