Nzd/Usd

Expected trading range for today is between: Support 0.8050 and resistance 0.8400
General tendency is expected for today: neutral

http://img209.imageshack.us/img209/9457/imagea.gif

Dropped pair NZD / USD sharply yesterday to break the support Fib at 0.8205 and SMA 50 which provides initial signals a possible shift in direction.

Better to stand on the sidelines until we have a daily closing last below the 0.8205 level to confirm the continuation of the bearish trend

The trading range for today is expected among the key support at 0.8000 and resistance at 0.8255.

The short term trend is to the upside targeting 0.8400 with steady daily closing above 0.7930.

nzd/usd technical analysis by using : average directional movement index

adx : 20.9197
+di : 13.7935
-di : 21.0288
timeframe : 1 hour

time : 1700
dite : 08.11.2012

nzd/usd technical analysis by using : average directional movement index

adx :35.1817
+di : 28.1049
-di : 10.8333
timeframe : 1 hour

time : 0800
date : 09.11.2012

Nzd/usd technical analysis for 12.11.2012 by using : Auto pivot indicator.

resistance 3:0.8224
resistance 2:0.8200
resistance 1:0.8171

pivot point :0.8147

support 1:0.8118
support 2:0.8094
support 3:0.8065

The pair is now moving on the daily pivot. If the price can hold below the pivot line, then probably NZDUSD will continue fall towards 0.8122. Conversely if it fails, then maybe this pair will go up to 0.8212 level.

http://img4.imageshack.us/img4/1775/imagehr.gif

Still pair NZD / USD stuck between levels that hold the keys to determine the direction of the price in the short term, these levels are 0.8145 support and 0.8240 resistance
SMA 50 and Stochastic agree to the pressure on the price.

Neutrality preferred option to exceed a price above levels

Uptrend is still visible. After NZDUSD moved down and stuck in the support area around 0.8168, will be forwarded to rally up to 0.8189 or 0.8198. After it allows for corrected back to the area from 0.8168 to 0.8159.

Elliott: flat correction down 0.8123
There are initial signs of a good corrective recovery towards 0.8182 or even 0.8190. Supports at 0.8159 and 0.8144 zone.
Technical points
Key point 0.8139
Entry point 0.8171
Elliott 0.8203
Closing 0.8160
Projection 0.8123
Trendline 0.8163
Trendline 0.8174
Supports / Resistances
Res 2 0.8220
Ex-High 0.8203
Res 1 0.8190
Pivot 0.8174
Sup 1 0.8144
Ex-Low 0.8157
Sup 2 0.8128