NZD/USD: technical analysis (Forecast) for October 8, 2013
Daily pivot point: 0.8305.
NZD/USD "Kiwi Dollar":
Resistance: 0.8345 (sell below this level).
Support: 0.8270 (buy above this level for retesting this level for a short period).
Range: 66 pips (daily).
- According to the previous events, the price is still between the levels of 0.8325 and 0.8275.
- The descending movement will probably be lower than the 0.8355 level with the first targets at the 0.8300 and 0.8280 levels.
- Buy deals are recommended above the 0.8270 level with targets at the 0.8333 and 0.8350 levels.
The material has been provided by InstaForex Company – www.instaforex.com