Long-term review
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Overview:
The NZD/USD pair on October 02, 2015.
- The resistance is seen at the level of 0.6469. Also, it should be noted that the level of 0.6290 represents strong support. The levels of 0.6469 and 0.6290 are coinciding with the ratios of 50% of Fibonacci retracement levels and 11.8% respectively. Consequently, the descending movement will probably be lower than 0.6290 with targets at 0.6347 and 0.6300. On the contrary, the support has been already set at 0.6290. Furthermore, it should br note that it will be very profitable to buy above this level to retest it. Therefore, buy deals are recommended above the level of 0.6290 with targets at 0.6414 and 0.6470 to reach the double top.
Intraday technical levels:
Date: 02/10/2015
Pair: NZD/USD
- R3: 0.6525
- R2: 0.6469
- R1: 0.6414
- PP: 0.6380
- S1: 0.6347
- S2: 0.6290
- S3: 0.6234
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