Midday update for NZD USD 13/05/2013
Economies.com
2013-05-13 10:46AM UTC
The pair shows sideways trading since morning settling below the broken neckline for the double top pattern at 0.8360, which keeps the negative effect of the pattern valid, while Stochastic positivity explains the reasons of the current trading.
In general, our bearish trend expectations remain valid unless 0.8360 – 0.8410 were breached to the upside.
Expected trading range for today is between: 0.8050 support and 0.8360 resistance.
Expected trend for today: Bearish
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