Midday update for NZD USD 24/07/2014
Economies.com
2014-07-24 10:40AM UTC
The NZDUSD pair approached from the main waited target at 0.8555, accompanied by stochastic move in the oversold levels, which provides a possibility for a bullish rebound and that allows the price to resume the main bullish track again, and the targets begin at 0.8700.
Now, we prefer staying aside temporarily in order to monitor the price behavior according to the support levels at 0.8555 and 0.8625 resistance to confirm the next trend clearly.
Expected trading range for today is between: 0.8500 support and 0.8720 resistance.
Expected trend for today: Depends on the above mentioned targets
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