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FX.co ★ NZD/USD: trading recommendations for August 21, 2013

NZD/USD: trading recommendations for August 21, 2013

NZD/USD: trading recommendations for August 21, 2013

Trading recommendations:

NZD/USD:

According to the previous events, the price has still been trapped between 0.7950 and 0.7910.

  • Long buying:
  • Buy above 0.7840 with the first target of 0.7890, it might resume to 0.7950.
  • Short selling:
  • Outlook -1-: Swing trade at 0.7940 in order to sell with a traget of 0.78.
  • Outlook -2-: Below 0.79 look for further downside with 0.7840 and 0.7803 as targets.

PS: it should be noted that the market will be called for bearish market from the level of 0.7936 (the daily pivot point).

Intraday technical levels:

Date: 21/08/2013

Pair: USD/CHF

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Projected High: 0.8156

Breakout (Buy Stop): 0.8101

Strong Resistance (Sell Limit): 0.8071

Current Pivot: 0.7936

Strong Support (Buy Limit): 0.7801

Breakout (Sell Stop): 0.7776

Projected Low: 0.7726

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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