Continue pair New Zealand dollar against the U.S. dollar attempts to overcome the 0.8220 level, supported by the upward trend given by the stochastic, which makes us keep expectations published in our last report list unchanged to this day.
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Continue pair New Zealand dollar against the U.S. dollar attempts to overcome the 0.8220 level, supported by the upward trend given by the stochastic, which makes us keep expectations published in our last report list unchanged to this day.
NZD/USD set to print weekly pin at key support
After printing a bullish reversal bar on the daily timeframe yesterday, NZDUSD spent Thursday's trade in consolidation mode, having carved out an intraday range of 0.8185-0.8230.
Kiwi has come under recent selling pressure on soured risk appetite due to Google's miss, but the pair continues to operate above key support (38.2% Fibo, 0.7912/0.8355 advance; Aug 23 peak).
On the weekly timeframe, price action appears poised to print a bullish pin with little more than a day of price action to go. The would-be pin looks to have formed at confluence of support in the 21-week EMA (0.8110) and at a 50% Fibonacci level at 0.8130.
Elliott: flat correction down 0.8139
There are initial signs of a good corrective recovery towards 0.8207 or even 0.8215. Supports at 0.8184 and 0.8168 zone.
Technical points
Key point 0.8161
Entry point 0.8196
Elliott 0.8230
Closing 0.8184
Projection 0.8155
Trendline 0.8189
Trendline 0.8227
Supports / Resistances
Res 2 0.8246
Ex-High 0.8230
Res 1 0.8215
Pivot 0.8199
Sup 1 0.8168
Ex-Low 0.8184
Sup 2 0.8153
Nzd/usd technical analysis for 19.10.2012 by using : Auto pivot indicator.
resistance 3:0.8279
resistance 2:0.8257
resistance 1:0.8220
pivot point :0.8198
support 1:0.8161
support 2:0.8139
support 3:0.8102
Expected trading range for today is between: Support 0.8115 and resistance 0.8350
General tendency is expected for the day: UP
http://i50.tinypic.com/24m9naa.gif
The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 0.8100 and key resistance at 0.8355. Based upon my chart analysis, I prefer to buying the pair above 0.8185 with targets 0.8255, 0.8310 then 0.8355 and stoploss with four hour candle closing below 0.8100.
Bearish direction pair today
Expected targets 0.8170 - 0.8155
Provided stability of trading below the 0.8225 resistance level
The fact that the couple has broken the 8200 figure again makes it clear that the bulls are not so strong as to further reduce the still restrains 200 moving, but I think this is not a long time, I'm waiting for a couple of at least about support for 8140, 8110.
NZD/USD
BUY
Entry :- 0.81960
TP1 :- 0.82347
TP2 :- 0.82735
SL :- 0.81188
Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend
While the south do not think we will go, we can see that the pair is only tested once again pierced the upper boundary of the channel and again strayed from it, as well as the strong support were moving alligator, and I think they will re-growth area.