Technical analysis of NZD/USD for December 22, 2015 Market Analysis Review

Overview:

• The NZD/USD pair:
• The resistance will be set at the level of 0.6834 and the support has already been placed at 0.6737.
• The key level is likely to be set at 0.6737.
• The level of 0.6834 will represent the double top, for that the value of 100% Fibonacci retracement levels is placed at the same price (double top on H1 chart).
• The daily pivot point at the 0.6779 price.
• According to the previous events, the GBP/USD pair is going to move between 0.6737 and 0.6834.
• We expect a range about 97 pips today.
• Above the level of 0.6737 the bullish market will be confirmed.

Technical levels:

• It should be noted that the market of the GBP/USD pair will move between 0.6737 and 0.6834 today.
• Projected high: 0.6834.
• Strong resistance (sell limit): resistance will be formed at the level of 0.6834.
• Current pivot: 0.6780 (weekly pivot point sets at 0.6737).
• Breakout (sell stop): 0.6737.
• Projected low: 0.6665.

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