Nzd/Usd

i think that we should wait until NZDUSD reach the support level on the daily chart @61.8% so i think that this pair will move upward on the short term so i suggest buying this pair our target point will be@100%.

Elliott: irregular flat correction down 0.8121
It is a triangle configuration. Market should break either side. Acceleration should occur above 0.8209 or under 0.8157 limits.
Technical points
Key point 0.8156
Entry point 0.8183
Elliott 0.8209
Closing 0.8170
Projection 0.8146
Trendline 0.8161
Trendline 0.8163
Supports / Resistances
Res 2 0.8231
Ex-High 0.8209
Res 1 0.8200
Pivot 0.8179
Sup 1 0.8148
Ex-Low 0.8157
Sup 2 0.8127

Nzd/usd technical analysis for 15.10.2012 by using : Auto pivot indicator.

resistance 3:0.8255
resistance 2:0.8233
resistance 1:0.8199

pivot point :0.8177

support 1:0.8143
support 2:0.8121
support 3:0.8087

The pair stabilized trading last week above SMA 50, remains bullish trend scenario exists, but the price begins trading today passively in an attempt to visit the support of the rising channel 0.8090

I think NZDUSD is in good bearish movement now. If I see the current candle on H4 time frame, I think the seller is dominating in the market now. NZDUSD may tries to reach or touch the support level at around 0.8126 or even lower.

Expected trading range for this week between: Support and resistance 1.3250 1.2800
General tendency is expected for this week: UP

The New Zealand dollar fell to a one-month low against its U.S. counterpart on Monday, as risk sentiment weakened amid ongoing uncertainty over whether Spain is about to request a sovereign bailout.

NZD/USD hit 0.8131 during European morning trade, the pair's lowest since September 11; the pair subsequently consolidated at 0.8150, slipping 0.18%.

The pair was likely to find support at 0.8082, the low of September 11 and resistance at 0.8210, the high of October 12.

Investors remained cautious as Madrid did not request financial aid over the weekend and a request for a bailout is now seen as increasingly unlikely ahead of regional elections on October 21.

Elsewhere in the euro zone, Greek Prime Minister Antonis Samaras said Sunday his country was facing the "last hurdle" before recovery and expressed confidence that the government will reach an agreement with international creditors ahead of Thursday’s European Union summit.

Meanwhile, the greenback remained supported after official data on Fridau showed that U.S. consumer sentiment rose to its highest level in five years in October and a separate report showing that producer price inflation rose more-than-forecast in September.

The kiwi was lower against the Australian dollar with AUD/NZD adding 0.19%, to hit 1.2559.

Also Monday, official data showed that home loans in Australia rose more-than-expected in August, advancing 1.8% after a 0.7% decline the previous month. Analysts had expected home loans to rise 1.4% in August.

A separate report showed that Australia's new motor vehicle sales rose by 4.7% in September after 4.3% increase the previous month.

Later in the day, the U.S. was to release official data on retail sales, as well as a report on business inventories.

Slowly but surely, the pair is still lower, the course could not strengthen its position above the moving alligator and now even managed to break through the support of 8145, now is a small correction but the resumption of the fall will sell.

8150 break of support has not yet found a continuation in the decline of bears, a couple again went above it, keep watching again if the price will go down and be able to gain a foothold below 8150 will try to sell the southern trend.

If you are a currency trader and focus on the four major currency pairs EUR/USD, GBP/USD, Nzd/usd and USD/JPY, then you should consider yourself a specialist in USD. Yes, its true! You are a specialist in trading the greenback.Each currency pair actually consists of two currencies.