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25.07.201412:07 Forex Analysis & Reviews: Technical analysis of NZD/USD for July 25, 2014

Long-term review

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Forecast in the short term:

According to the previous events, the NZD/USD pair is moved between the levels of 0.8622 and 0.8506.
Resistance will be formed at the level of 0.8620 providing a clear signal for sell deals with the target seen at 0.8503.
Stop-loss is to be placed above 0.8660.
The major support will be formed at the level of 0.8405 providing a clear signal for buy deals with the target seen at the 0.8610 level.
Stop-loss is to be placed below the double bottom at the price of 0.8373.

Notes:

The daily pivot point will set at the price of 0.8570.
We expect a range about 70 pips at least. Hence, the risk of 70 pips must make a profit of 105 pips.

Look out!

Stop loss should never exceed your maximum exposure amounts.
Volatility: 274.39. As a rule, the market is highly volatile if the last day had a huge volatility.

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