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Only the couple went to the horizontal resistance of 8318, if the course will be able to overcome this level is to today can be a maximum - 8360, while the market has been a tendency to weaken the dollar, and most likely it will develop the northern script.
For purchases to wait for consolidation above resistance 8340 + -, as long as this level is not passed, I still expect a rebound in the south, especially if the sample will be 8340-the price will not go away, immediately followed by a maximum of one year, 8455.
today NZDUSD has continued the trend seen before and wanted to try to penetrate these pairs that have been in the form of higher weeks at 8356, so I recommend to do a buy order
we can see on the chart, NZDUSD has broken the support level at 0.8274.
So in my view, the breaking will open a way for NZDUSD to fall and it makes NZDUSD has a potential to touch the next support level at around 0.8224 or lower today.
Nzd/usd technical analysis for 03.10.2012 by using : Auto pivot indicator.
resistance 3:0.8408
resistance 2:0.8374
resistance 1:0.8325
pivot point :0.8291
support 1:0.8242
support 2:0.8208
support 3:0.8159
Pair turns trading the New Zealand dollar against the U.S. dollar down heading towards the support for the main ascending channel now located at 0.8170, and the negative signal the stochastic explain the reasons for the current decline.
SMA 50 meets with the mentioned support for a protection of the general bullish trend, and therefore we will continue in the positive outlook what is not broke above-mentioned level and stabilizing below.
Expected trading range for today is between: Support 0.8150 and resistance 0.8400
General tendency is expected for the day: UP
For NZD / USD seen very wide corridor and a couple is on track to support 0.8180 ... so you have to look carefully as myself will lead the price level may, after settling at the back will go to the top ... and you can enter with little STAP. .
On the 4 hour chart noticeable side channel, the pair is approaching its lower boundary (support level of 8185) of it probably will rebound as the course of the last few hours has fallen dramatically in the deeper southern movement is not very believable.
Updated
Still pair the New Zealand dollar against the U.S. dollar close to key support levels between 0.8200 - 0.8170, while SMA 50 continues to support price from the bottom.
Thus, the positive expectations remain effective the rest of the trading day.
Expected trading range for today is between: Support 0.8150 and resistance 0.8400
General tendency is expected for the day: UP
Pricing is sandwiched between two strong levels, the course is approached alligator slide, the main trend is still the North, I think it will be lights out for the resumption of growth, the sale will be considered only when the building below 8180.