Technical analysis for NZDUSD on 13.09.13
  • Technical analysis for NZDUSD on 13.09.13

    Artem Helium
    Author: 

    posts: 791, comments: 0

    Technical analysisThe NZD/USD rise was stopped at 0.8150.

    Direction

    Period

    Expected price dynamics

    Price movement corridor

    ↑↓

    1 day

    ≈120 pips

    Max. 0.8300

    Min. 0.7930

    NZDUSD technical analysis on 13.09.13

    Breaking down the ascending channel will be an additional signal of upcoming pullback down. First the pair should break and consolidate below the support level of 0.8100. Before breaking this level, the pair can rebound back up to the resistance level of 0.8150. Breaking up this level will open the way up to 0.8200.

    Alternative forecast

    NZDUSD technical analysis on 13.09.13

    Should the pair consolidate below the support level of 0.8100, this will open the way down to the next level at 0.8060. Breaching below 0.8060 will let the traders sell short at 0.8000.

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