In this pair of Nzd usd there must be fall and correction in future so can sell in it
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In this pair of Nzd usd there must be fall and correction in future so can sell in it
NZDUSD has been rejected by the resistance level at 0.8368. But the rejection is not too strong. Now, NZDUSD is trying again to reach that resistance. Then, if NZDUSD can break that resistance level successfully, I think it will open a way for NZDUSD to continue going up and reach the next resistance level at 0.8418.
Spoiler:
Underway taste jo hai woh upwardly inclination pe hai aur badme target hai 0.8300 then 0.8335 agar terms status ki aur gaya toh lowest mend hai iska 0.8210, breaking the way transport to the downside targeting 0.8175 then 0.8145
Nzd/usd analysis for 02.12.2013 by using : pivot indicator.
r3: 0.8453
r2: 0.8415
r1: 0.8384
pivot : 0.8346
s1: 0.8315
s2: 0.8277
s3: 0.8246
sell nzd/usd at the level 0.8345 with targets at 0.8300 and 0.8280, but in case of breaking the level 0.8375, then buy above this level with targets at 0.8415 and 0.8440
i think NZD/USD maybe still down, i see thats from chart H1 & H4, maybe Nzd/Usd will touch down to support in down, and wait and will see to entry market, check this picture
http://i48.tinypic.com/34eaoeb.jpg
the price 0.8385 is a resistance. the price is rejected form here two time but lower side the price 0.8315 is also a support that may ne break this time. but for the short order we must wait to break the support at 82.80. if price is close below the support we can short this pair with target 82.00
I think that there must be some breakdown happening today and we have to wait until the pair reach 80.10
On H4 time frame , we can see that the price is just sideway now and there is no signal for entering market at the moment . So i think we should wait till breakout the top/bottom channel and resistance to entry long/short .
http://vangsaigon.com/iupload/images/nu122.bmp
I think the uptrend is still valid for this pair and the price has been corrected until fibo 61.8 and the pullback is a good confirmation to reach fibonacci 0.0 @0.8378 again. At opposite, if the price breakdown fibo 61.8 then bearish is more stronger.