Directly from Vladimir Ribakov's Live Trading Room

We are looking for ways to join the Bearish move for this pair.  If we look to the Daily charts we have had a strong support area around .8240 and price is becoming more relevant now.  So how can we join this move? In order to join we want to see a break below this area of .8240 - .8250 with the combination of a cross down of the 50 line on the RSI indicator.  If this happens that will be our signal to sell and we will be aiming the next support area around .8072.

NZDUSD

NZDUSD trade setup for March 05, 2012

NZD/USD Pivot Points (Time Frame: 1 Day)

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
0.8072
0.8139
0.8177
0.8244
0.8282
0.8349
0.8387

Fibonacci
0.8139
0.8179
0.8204
0.8244
0.8284
0.8309
0.8349

Camarilla
0.8187
0.8197
0.8206
0.8244
0.8226
0.8235
0.8245

Woodie's
-
0.8132
0.8164
0.8237
0.8268
0.8342
-

DeMark's
-
-
0.8263
0.8234
0.8158
-
-