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29.04.2014 12:58 PM
Technical analysis of NZD/USD for April 29, 2014

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Notes:

  • The double top of the NZD/USD pair will set at the level of 0.8597.
  • The support is going to set at 0.8494. And this level is going to represent the weekly pivot point on April 29, 2014.
  • The major support has already represented the weekly support 2.
  • Moreover, the double bottom is also coinciding with the major support in H4 chart.
  • The price hit the weekly pivot point and the support 1 last week, because of the series of relatively equal highs and equal lows.
  • We expect a range of 120 pips this week.
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Intraday technical levels:

Date: 29/04/2014

Pair: NZD/USD

  • Projected High: 0.8809
  • Breakout (Buy Stop): 0.8754
  • Strong Resistance (Sell Limit): 0.8724
  • Current Pivot: 0.8591
  • Strong Support (Buy Limit): 0.8457
  • Breakout (Sell Stop): 0.8432
  • Projected Low: 0.8382
Summary
Urgency
Analytic
Mourad El Keddani
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