Technical analysis of NZD/USD for April 29, 2014 Trend News

Notes :

• The double top of the NZD/USD pair will set at the level of 0.8597.


• The support is going to set at 0.8494. And this level is going to represent the weekly pivot point on April 29, 2014.


• The major support has already represented the weekly support 2.


• Moreover, the double bottom is also coinciding with the major support in H4 chart.


• The price hit the weekly pivot point and the support 1 last week, because of the series of relatively equal highs and equal lows.


• We expect a range of 120 pips this week.

Intraday technical levels :

Date: 29/04/2014

Pair: NZD/USD

• Projected High: 0.8809


• Breakout (Buy Stop): 0.8754


• Strong Resistance (Sell Limit): 0.8724


• Current Pivot: 0.8591


• Strong Support (Buy Limit): 0.8457


• Breakout (Sell Stop): 0.8432


• Projected Low: 0.8382

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