FX.co ★ Technical analysis of NZD/USD for July 30, 2014

Trading recommendations:

• The NZD/USD pair on July 30, 2014.
• The resistance is going to set at the level of 0.8570. Also, it should be noted that the level of 0.8450 represents strong support. Consequently, the descending movement will probably be lower than the 0.8520 level with the targets at 0.8475 and 0.8450. On the contrary, the support has already set at 0.8450 and the double bottom sets at the price of 0.8404. Furthermore, it should be noted that it will very profitable to buy above this level to retesting this level for a short period. Therefore, buy deals are recommended above the 0.8404 level with targets at 0.8470 and 0.8625 to reach the double top.

Intraday technical levels:

Date:30/07/2014

Pair:NZD/USD

• R3: 0.8606
• R2: 0.8566
• R1: 0.8535
• PP: 0.8495
• S1: 0.8464
• S2: 0.8424
• S3: 0.8393