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The situation in movement of NZD/USD doesn't like yesterday. price down strong after asian market opened. Now, price still continuing down movement but not far from opening level. Downward movement of NZD/USD now predicted only start of retrace up, so buy position is reccomendated but must wait until signal stochastic in tf h4 in oversold condition.
price is rejected from the 0.8292 level. i think it is not able to move more up from this level. it also have a resistance. so down side movement is expected. if price cross the support level 0.8230 then we can see continue down movement.
Nzd/usd technical analysis for 07.11.2012 by using : Auto pivot indicator.
resistance 3:0.8343
resistance 2:0.8319
resistance 1:0.8295
pivot point :0.8271
support 1:0.8247
support 2:0.8223
support 3:0.8199
Expected trading range for today is between: support at 0.8205 and resistance 0.8450
General tendency is expected for the day: UP
http://img13.imageshack.us/img13/4424/imagekq.gif
Continue pair NZD / USD attempts to rise, try to break the 0.8290 level and close above it where this level represents the key to confirm the continuation of the upward trend.
Overall, the bullish trend scenario remains effective and depends mainly on the stability above 0.8205
Elliott: elongated flat correction up 0.8318
Resistances lie around 0.8281 and 0.8292. It should test lower towards 0.8249 zone. A clear break of 0.8269 would be bearish.
Warning: End of trend
Technical points
Key point 0.8274
Entry point 0.8266
Elliott 0.8231
Closing 0.8270
Projection 0.8289
Trendline 0.8249
Trendline 0.8267
Supports / Resistances
Res 2 0.8313
Ex-High 0.8292
Res 1 0.8292
Pivot 0.8270
Sup 1 0.8249
Ex-Low 0.8249
Sup 2 0.8227
now this brace broke the lie
added shine is soothe thinkable .but it's peachy to wait the re-test then go low from there
a broad surpass above this perceptiveness merchandise again capital inception could be preserve
good fortune
Could not hold out higher penetration level of 8284 and a New Zealander today again couple broke it, now formed a small correction which I sold on the hourly and 4 hour chart and the RSI showed MASD southern signals, I think will reduce to 8230.
Nzd/usd technical analysis for 08.11.2012 by using : Auto pivot indicator.
resistance 3:0.8400
resistance 2:0.8355
resistance 1:0.8270
pivot point :0.8225
support 1:0.8140
support 2:0.8095
support 3:0.8010
Price has been consolidating above the level of 76.4% - of the Fibonacci 0.8229 after a long flat, allowing prices to rise towards the next correction level 100.0% - 0.8469 from Fibonacci. Bearish candlestick pattern formation allows couples to swing to the U.S. dollar and consolidated under the 76.4% correction level or reverse direction. If the first chance look, pair may resume flat or trying to get down to the level of 61.8% - 0.8083. Bullish harami pattern continues to affect the market pair NZD / USD. As a result, prices have been consolidating over 76.4% of Fibonacci level.
In the 4H chart, the New Zealand dollar against the U.S. dollar to consolidate above the 23.6% level - 0.8251 from Fibonacci on Tuesday. After that consolidation level below 23.6% level and the next might be a bullish candlestick closes above that level. Candlestick pattern is not formed yesterday. Thus, the growth rate of the New Zealand currency may continue to a level of 0.0% - 0.8355. A consolidation is one more than New Zealand dollars below the 23.6% Fibonacci level allows couples to continue a decline to 38.2% - 0.8187 from Fibonacci. It is possible that the price increase will be observed on the second chart.