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30.09.2015 04:08 PM
EUR/NZD: analysis for September 30, 2015

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Overview:

Recently, EUR/NZD has been moving downwards. As we expected, the price tested the level of 1.7461. In the daily time frame, we can observe a supply bar in an average volume. The intraday trend is downward. According to the M15 chart, we can see successful rejection from yesterday's point of control at the level of 1.7720. Watch for potential selling opportunities after retracement. A potential target zone is seen around 1.7450 (currently on the test)-1.7330.

Fibonacci Pivot Points :

Resistance levels:

R1: 1.7860

R2: 1.7945

R3: 1.8080

Support levels:

S1: 1.7580

S2: 1.7495

S3: 1.7355

Trading recommendations: Be careful when buying and watch for potential selling opportunities.

Summary
Urgency
Analytic
Petar Jacimovic
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