empty
 
 
17.03.2014 10:15 PM
Weekly technical levels of NZD/USD for March 18-21, 2014

Weekly technical levels of the NZD/USD pair:

This image is no longer relevant

This image is no longer relevant

Trading recommendations:

  • As it is known, history will probably repeat itself at this level again. So, according to the previous events, the NZD/USD pair is still moving between 0.8600 and 0.8530. Additionally, it should be noted that the minor support is going to set at the level of 0.8525. Moreover, the level of 0.8525 is representing the weekly pivot point on March 18, 2014. Equally important, the resistance will be set at the price of 0.8613 and the double top is set at the same price too. Therefore, sell at the price of 0.8615 with the first target at 0.8525 in order to test the weekly pivot point, then it will be gone towards 0.8450 (the weekly support 1). On the other hand, if the trend fails to close below the weekly support 1, hence buy above 0.8450 with target at the price of 0.3600 this week. Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated.
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback