The pair is moving in down channel as shown in Daily chart , and also the pair has broken a strong support level at 0.8077 so i expect the pair to continue down till reach the lower side of the channel and make retest .
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The pair is moving in down channel as shown in Daily chart , and also the pair has broken a strong support level at 0.8077 so i expect the pair to continue down till reach the lower side of the channel and make retest .
NZDUSD may be continued movement from point 0.8120, along with the highest level break down at 0.8120. It can be considered as a good signal for a buy on the strong support 0.8120 with a first target at 0.8155 and 0.8200.
http://img5.imageshack.us/img5/107/imagep.gif
Trading the NZD / USD above SMA 50 to get the support of the positive outlook
All price needs now is a clear breach of the resistance 0.8200 to provide good support for the positive target levels 0.8300
Pair NZD / USD is expected to continue the movement of the point of 0.8120. Therefore, the kiwi shows signs of strengthening, along with a copy down the highest level 0.8120. It can be considered as a good signal for BUY transactions above a strong support (0.8120) with a first target of 0.8155 and 0.8200 (level will act as a strong resistance level and ****ed according to order take profit). It is important to remember that these levels will be met with weekly resistance 1 (0.8201). However, if the movement of the turn and if the pair NZD / USD failed to break the resistance level at 0.8201, the market will show a further decline to as low as 0.8160 and shows bearish mood to re-examine the weekly pivot point at 0.8126 level.
Support: 0.8118
Pivot: 0.8150
Resistance: 0.8182
trendspotter sell
7 day average directional indicator sell
10-8 day MA hilo channel hold
20 day MA VS Price sell
20-50 Day MACD oscillator sell
20 Day Bollinger Bands hold
Technical Analysis For NZDUSD 60% Sell
Fibonacci lines in H1 time frame :
0.0 : 08165.
38.2 : 0.8153.
61.8 : 0.8145.
76.4 : 0.8141.
100.0 : 0.8133.
FE 38.2 : 0.8177.
FE 61.8 : 0.8185.
Scenario : the price could reach FE 38.2 AND next target is 61.8 for BULLISH trend.
Nzd/usd technical analysis for 23.11.2012 by using : Auto pivot indicator.
resistance 3:0.8211
resistance 2:0.8190
resistance 1:0.8175
pivot point :0.8154
support 1:0.8139
support 2:0.8118
support 3:0.8103
NZD/USD support & resistance 23/11/2012
S3 0.8106 S2 0.8126 S1 0.8146
R1 0.8183 R2 0.8203 R3 0.8223
indicators:
MOMENTUM(10) :buy
ROC(10) :buy
MACD(26,12,9): buy
Scenario for today
Elliott: common flat correction up 0.8203
It may attempt a test higher to 0.8162 - 0.8171 after which weakness may set it to a drift down to 0.8140 limit.
Warning: Low Zone - Harami
Technical points
Key point 0.8170
Entry point 0.8158
Elliott 0.8113
Closing 0.8159
Projection 0.8169
Trendline 0.8160
Trendline 0.8157
Supports / Resistances
Res 2 0.8184
Ex-High 0.8166
Res 1 0.8171
Pivot 0.8153
Sup 1 0.8140
Ex-Low 0.8135
Sup 2 0.8122
NZDUSD now is touching the resistance level at 0.8173. If NZDUSD can break this resistance level successfully, I expect NZDUSD will continue going up today and has a potential to reach the higher resistance level at 0.8224.