Technical analysis of NZD/USD for March 11, 2014 Trend News

Forecast in the short term :

• According to previous events, the NZD/USD pair is trapped between 0.8522 and 0.8484.


• The resistance will be formed at the level of 0.8545 providing a clear signal for sell deals with the target seen at 0.8444.


• Stop-loss is to be placed above 0.8570.


• The support will be formed at the level of 0.8440 providing a clear signal for buy deals with the target seen at the 0.8530 level.


• Stop-loss is to be placed below 0.8415.

Notes :

• The weekly pivot point will set at the price of 0.8444.


• Range:120 pips. Hence, the risk of 120 pips must make a profit of 180 pips.


• Volatility: 151.78.

Technical levels :

• R3: 0.8725


• R2: 0.8624


• R1: 0.8545


• PP: 0.8444


• S1: 0.8365


• S2: 0.8264


• S3: 0.8185

Warnings :

• Stop loss should never exceed your maximum exposure amounts.


• As a rule, the market is highly volatile if the last day had a huge volatility.

The material has been provided by InstaForex Company - www.instaforex.com



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