Overview:

The NZD/USD pair is expected to continue the movement from the point of 0.8150. Thus, the kiwi shows the signs of strength, following the breakdown of the highest level 0.8150. This fact can be considered as a good signal for BUY deals above this strong support (0.8147) with the first targets at 0.8190, 0.8245 and 0.8300 (it will serve as a strong resistance level and is considered to be appropriate for take profit orders). It is necessary to mention that this level will coincide with the weekly resistance 2 (0.8338). However, in case of the reverse movement and if the NZD/USD pair fails to break through the resistance level of 0.8300, the market will show a further decline to the level of 0.8263 indicating a bearish mood in order to retest the weekly pivot point at the level of 0.82. 

 

Weekly Pivot Points:
R3: 0.8425
R2: 0.8338
R1: 0.8286
PP: 0.8199
S1: 0.8147
S2: 0.8060
S3: 0.8008
Range: 139 pips.
Volatility: 113.71. Therefore, the market indicates the higher volatility. 

Strong Levels:
0.83500, 0.82910, and 0.8260
0.80720, 0.81060, and 0.8209

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