Monday, July 23, 2012

NZD/USD Jul 23-2012

Trade Idea NZD/USD intraday: the downside prevails.
Pivot: 0.7895
Our preference: Short positions below 0.7895 with targets @ 0.788 & 0.7855 in extension.
Alternative scenario: Above 0.7895 look for further upside with 0.8035 & 0.807 as targets.
Comment: the RSI advocates for further downside.

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us
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