Price still managed to overcome a strong level of support for 8115, this breakthrough opened the way for further decline, and now has to support the level of about 8075.
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Price still managed to overcome a strong level of support for 8115, this breakthrough opened the way for further decline, and now has to support the level of about 8075.
Support & Resistance 09/08/2012
Sup 1 : 0,8171
Sup 2 : 0,8189
Sup 3 : 0,8217
PIVOT : 0,8143
Res 1 : 0,8126
Res 2 : 0,8098
Res 3 : 0,8080
upward momentum is fading and soon we may see a huge plunge to downside. The pair has shown reluctance is passing higher grounds where resistance is likely to be seen from weekly point of view and we can see now its printing bearish bars. Lets wait and watch.
On daily chart keeps a couple of pretty good trend in the north, the slope is a good pair ... now back to the level of support at 0.8060 ... I think there should be procured as soon go back to the top ....
as i told in the previous week that the price closed inside the horizontal channel the pair start to hit the down line in the channel and didn't go out of it so this week i have target at the top line of the channel at 0.828x
see the chart
Attachment 3665
The pair failed in breaking the level of 0.8150, it's mean bearish momentum is still expected and the pair might goes to level 0.8100 but if price can break level 0.8150 it will be a signal for bullish trend
NZDUSD that bounced after touching support - 0.8097, are now rises above the pivot - 0.8118, and MA100. Then now is the chance the pair will go up to the 0.8154 level.
At the 4 hour chart has formed a pair of what looks like a figure head and shoulders, but with a very clear level of support 0.8070 ... I think this mark will be determining whether to hang up and continue the trend, or the price will go down a few figures ... personally I am inclined that will still be the first option ...
!!! At the 4 hour chart has formed a pair of what looks like a figure head and shoulders, but with a very clear level of support 0.8070 ... I think this mark will be determining whether to hang up and continue the trend, or the price will go down a few figures ... personally I am inclined that will still be the first option ...
NZDUSD almost touched the support level at 0.8071 yesterday. Now, NZDUSD is moving near that support level
Then, if NZDUSD can break that support level, this pair may falls and try to reach the next support level at 0.7984